Strong Foundation For a SuStainable growth

Strong Foundation For a SuStainable growth Landasan Kokoh untuk Pertumbuhan Berkelanjutan

2012 Laporan Tahunan • Annual Report

StRong FoundAtion FoR A SuStAinABLe gRowth

wisma indosemen 5th Floor Jl. Jendral Sudirman Kav. 70 - 71 Jakarta 12910, indonesia Phone : (+62-21) 251-0088 (hunting) Fax : (+62-21) 251-0460 website: www.ilenefilms.com

Daftar Isi • Table of Content

Sekilas Indopoly • Indopoly at a Glance

02

Visi, Misi dan Filosofi • Vision, Mission and Philosophy

04

Jejak Langkah Indopoly • Indopoly’s Milestones

06

Pencapaian Indopoly • Indopoly’s Achievements

09

Ikhtisar Keuangan • Financial Highlights

12

Grafik Kinerja Keuangan • Financial Performance Graphs

13

Ikhtisar Saham • Stock Highlights

14

Struktur Pemegang Saham • Shareholders Structure

15

Sambutan Presiden Komisaris • Message from the President Commissioner

16

Laporan Kepada Pemegang Saham • Report to the Shareholders

20

Profil Perusahaan • Company Profile

28

Tinjauan Operasional • Operational Overview Produksi • Production

34

Kinerja Pemasaran • Marketing and Sales

40

Penelitian dan Pengembangan • Research and Development

42

Sumber Daya Manusia • Human Resources

46

Tanggung Jawab Sosial Perusahaan • Corporate Social Responsibility

50

Tata Kelola Perusahaan • Good Corporate Governance

56

Laporan Komite Audit • Audit Committee Report

72

Pembahasan dan Analisa Manajemen • Management Discussion and Analysis

76

Laporan Keuangan • Financial Report

89

Informasi Perusahaan • Corporate Information

92

Landasan Kokoh untuk Pertumbuhan Berkelanjutan Berlandaskan visi, misi, dan filosofi perusahaan yang solid, PT Indopoly Swakarsa Industry Tbk. (“Perseroan”) mampu mempertahankan posisi utama di dalam industri flexible packaging, meskipun melalui kondisi perekonomian yang kurang kondusif sepanjang tahun 2012. Pencapaian Indopoly tersebut diperkokoh oleh tiga pilar penggerak nilai-nilai Perseroan yaitu horizontal diversification, vertical integration dan globalization. Komitmen Perseroan dalam bentuk investasi untuk pengadaan mesin-mesin baru dan pembangunan infrastruktur menciptakan kemajuan signifikan di bidang pengembangan berbagai macam produk bernilai tambah yang tinggi dalam memenuhi kebutuhan spesifik pasar. Memiliki rangkaian lini produksi dengan teknik kapabilitas yang handal, yaitu dua lini BOPP dan satu lini BOPET di Indonesia, serta dua lini BOPP di Cina, Perseroan terus berupaya memastikan kedudukannya sebagai market leader dalam industri flexible packaging film yang dinamis.

Strong Foundation for a Sustainable Growth Through its solid corporate vision, mission and philosophy, PT Indopoly Swakarsa Industry Tbk. (“the Company”) has retained a premium position in the flexible packaging industry in spite of unfavorable economic conditions throughout 2012. Indopoly’s foothold in the market has been strengthened by the Company’s three corporate value drivers of horizontal diversification, vertical integration and globalization. The Company’s commitment in new machineries and infrastructure investment has allowed production of various high value-added products catered towards its niche markets. With two BOPP lines and one BOPET line in Indonesia, along with two BOPP lines in China, coupled with their technical capability, the Company has continued to ensure its standing as the market leader in the ever-changing flexible packaging film industry.

IV Laporan Tahunan 2012

1 Annual Report 2012

Sekil as Indopoly Indopoly at a Glance

PT Indopoly Swakarsa Industry Tbk. dan anak

PT Indopoly Swakarsa Industry Tbk. and its

Hasil kapitalisasi yang diperoleh dari IPO tersebut,

With this capitalization, Indopoly was able to invest in

perusahaan (“Indopoly” atau “Perseroan”) merupakan

subsidiaries (“Indopoly” or ”the Company”) is

digunakan oleh Perseroan untuk membuka lini produksi

a new BOPET machine and two metalizing machines

perusahaan pabrikan terdepan yang memproduksi

a leading manufacturer of premium flexible packaging

baru, yaitu BOPET dan dua mesin metalizing serta satu

as well as a thermal machine to meet the demand

produk flexible packaging berkualitas premium.

products. Established in 1995, the Company is selling

mesin thermal. Langkah-langkah investasi tersebut

required by its discerning customers, especially in

Didirikan pada tahun 1995, Perseroan memasarkan

its products under the

semakin meningkatkan daya saing Indopoly dalam

Japan and Europe. The Company’s annual production

produk-produknya dengan merek dagang . Memiliki satu unit produksi di Purwakarta, Indonesia,

production unit in Purwakarta, Indonesia and two

rangka memenuhi kebutuhan pelanggan, khususnya

capacity of 100,000 tons BOPP and BOPET films

production units in Kunming and Suzhou, China,

di Jepang dan Eropa. Dengan total kapasitas produksi

has put it as one of Indonesia’s largest multinational

serta dua unit produksi di Kunming dan Suzhou,

Indopoly is currently serving more than 150 prominent

film BOPP dan BOPET sebesar 100.000 ton per tahun

companies in the premium flexible packaging industry.

Cina, saat ini Perseroan telah melayani lebih dari 150

customers across the globe.

telah menempatkan Indopoly sebagai salah satu

brand name. With one

perusahaan multinasional terbesar di industri premium

pelanggan terkemuka di mancanegara.

flexible packaging. Indopoly mengoperasikan secara bersamaan empat lini

The Company operates four lines of Biaxially-Oriented

produksi Biaxially-Oriented Polypropylene (BOPP) dan

Polypropylene (BOPP) machines and one Biaxially-

Komitmen investasi Perseroan menunjukkan tekad

The Company’s investments show its determination

satu lini produksi Biaxially-Oriented Polyster (BOPET).

Oriented Polyster (BOPET) machine altogether. BOPP

Indopoly untuk memastikan tercapainya pertumbuhan

to strengthen corporate foundation in order to achieve

Film BOPP adalah jenis film tembus pandang yang

film is a flexible packaging film with high moisture

yang terus berkelanjutan. Indopoly selalu berusaha

sustainable business growth. Indopoly strives to

memiliki ketahanan tinggi terhadap kelembaban dan

barrier and BOPET film is a flexible packaging film with

untuk mengembangkan produk-produk baru jenis

develop new high-end products with advanced

film BOPET adalah jenis film yang memiliki ketahanan

high gas barrier. These films in total cover nearly 95%

high-end, yaitu produk-produk yang memiliki tingkatan

technical barriers and specifications to serve a niche

tinggi terhadap udara. Keseluruhan jenis film-film

of materials used in flexible packaging products.

spesifikasi dan teknis yang tinggi dan rumit yang

market with steadier demand. Despite uncertain market

ini mencakup hampir 95% dari kebutuhan bahan

bertujuan untuk memenuhi permintaan pasar khusus

condition due to global market turmoil, Indopoly has

baku yang digunakan dalam industri produk flexible

dengan volume kebutuhan yang stabil. Di tengah

succeeded to achive sales of USD 227 million in 2012,

packaging.

situasi pasar yang tak menentu sebagai akibat tidak

a 10% increase compared to the same period in 2011.

stabilnya harga minyak dunia, di tahun 2012 Indopoly Pada Juli 2010, Indopoly mencatatkan sahamnya di

In July 2010, Indopoly was listed at Indonesia Stock

mampu membukukan angka penjualan USD 227 juta

Bursa Efek Indonesia (BEI) melalui Penawaran Umum

Exchange through an Initial Public Offering (IPO). The

naik sebesar 10% dibanding periode yang sama di

Perdana (IPO) dengan menawarkan 35% saham

IPO offered 35% of the the Company’s shares to public.

tahun 2011.

Perseroan kepada masyarakat umum. Indopoly dan anak perusahaannya mempekerjakan 996

Indopoly and its subsidiaries employed 996 personnel

karyawan per akhir tahun 2012.

as of year-end 2012.

2

3 Laporan Tahunan 2012

Annual Report 2012

Visi Perusahaan dan karyawan bertumbuh bersama untuk meraih pencapaian yang lebih tinggi

Vision Company and employees grow together to achieve greater heights

Misi

Mission

Menitikberatkan pada soft power kami: teknologi, kualitas, pelayanan dan sumber daya manusia

To emphasize our soft power: technology, quality, service, and human capital

Memastikan pertumbuhan yang berkesinambungan dan memberikan nilai lebih kepada para pemegang saham

To ensure sustainable growth and create value

Filosofi

Philosophy

Berorientasi kepada pasar

Market-Oriented

Kami berkomitmen untuk menyediakan produk berkualitas tinggi dengan layanan yang memuaskan untuk memenuhi kebutuhan pelanggan kami

We pledge to provide high performance products with excellent services to satisfy our customers’ needs

Profesionalisme

Professionalism

Kami berkomitmen untuk terus meningkatkan keahlian profesional, efisiensi manajemen dan tanggung jawab dalam setiap pekerjaan

We are committed to enhance professional skills, management efficiency and working responsibility

Kerjasama Konstruktif

Constructive Teamwork

Kami percaya kerjasama yang solid dan saling membangun adalah kunci kesuksesan

We believe a constructive teamwork with strong sense of unity is the key to success

4


Annual Report 2012

Je jak L angk ah INDOPOLY Indopoly’s Milestones

1995 PT Indopoly Swakarsa Industry dan Yunnan Kunlene Film Industries Co. Ltd (Yunnan Kunlene) didirikan. PT Indopoly Swakarsa Industry and Yunnan Kunlene Film Industries Co. Ltd (Yunnan Kunlene) were established.

1996

1998

Pembukaan lini produksi pertama di Purwakarta, Indonesia dengan kapasitas produksi sebesar 10.000 ton/ tahun.

Terobosan teknologi berhasil meningkatkan kecepatan produksi sebesar 10%. Technological breakthrough increased production speed by 10%.

Indopoly’s 1st production line was commissioned in Purwakarta, Indonesia. Capacity is 10,000 tonnes/ year.

2001 Suzhou Kunlene Film Industries Co. Ltd (Suzhou Kunlene) didirikan. Suzhou Kunlene Film Indutries Co. Ltd (Suzhou Kunlene) was established.

2002 Memenuhi syarat sebagai Authorized Supplier bagi salah satu pabrik rokok terbesar di dunia. Qualified as Authorized Supplier to the one of world’s biggest cigarette manufacturers.

Pembukaan lini produksi film BOPP di luar Indonesia pertama di Kunming, Cina dengan kapasitas produksi sebesar 10.000 ton/tahun. 1st overseas BOPP film line was commissioned in Kunming, China. Capacity is 10,000 tonnes/year.

Rapat Umum Pemegang Saham Tahunan dan Luar Biasa serta Paparan Publik.

Pembukaan lini produksi Metalizing kedua di Purwakarta dengan kapasitas 7.000 ton/tahun.

Indopoly’s Annual and Extraordinary General Meeting of Shareholders and Public Expose.

2nd Metalizing line was commissioned in Purwakarta, Indonesia with a capacity of 7,000 tonnes/year.

Laporan Tahunan 2012

2004

Pembukaan lini produksi film BOPP di luar Indonesia kedua di Suzhou, Cina dengan kapasitas produksi sebesar 25.000 ton/tahun.

Menciptakan terobosan dengan mengeluarkan Balanced HighShrink film untuk kemasan rokok.

2006

2nd overseas BOPP film line was commissioned in Suzhou, China. Capacity is 25,000 tonnes/year. Yunnan Kunlene memenangkan “100 Star Enterprises Awards”. Penghargaan ini diberikan kepada perusahaan milik asing yang sukses beroperasi di Cina.

Breakthrough achievement by creating a Balanced High-Shrink film for cigarette packaging.

2009

2008

Yunnan Kunlene kembali memenangkan penghargaaan “100 Star Enterprise Awards” selama dua periode berturut-turut.

Peluncuran jenis Clear Wrap Film dengan suhu lebih rendah yang dipakai untuk segel kemasan rokok.

Yunnan Kunlene won its 2 consecutive “100 Star Enterprise Awards”.

Launch of Clear Wrap Film, a lower temperature sealing for cigarette packaging.

nd

Suzhou Kunlene menerima penghargaan “Superior Award“ untuk kemasan makanan dari American Institute of Baking. Suzhou Kunlene received “Superior Awards” for food packaging from the American Institute of Baking.

Yunnan Kunlene won its 1st “100 Star Enterprises Awards”, awarded to successful foreign owned companies operating in China.

2012

6

2003

Yunnan Kunlene memenangkan penghargaan “100 Star Enterprises Awards” selama tiga periode berturut-turut.

Indopoly melalui Golden Polindo Industries Pte. Ltd. mengakusisi Yunnan Kunlene dan Suzhou Kunlene.

Yunnan Kunlene won its 3rd consecutive “100 Star Enterprise Awards”.

Indopoly through Golden Polindo Industries Pte. Ltd. had formally acquired Yunnan Kunlene and Suzhou Kunlene companies.

Peletakan batu pertama (groundbreaking) pembangunan lini extrusion coating untuk thermal lamination film di Suzhou Kunlene.

Pembukaan lini produksi film BOPP kedua di Purwakarta, Indonesia dengan kapasitas produksi 35.000 ton/tahun.

Groundbreaking for new extrusion coating unit in thermal lamination film facility in Suzhou Kunlene.

2nd BOPP line was commisioned in Purwakarta, Indonesia. Capacity is 35,000 tonnes/year.

2011

2010

Rapat Umum Pemegang Saham Tahunan Indopoly dan Paparan Publik.

Pembukaan lini produksi film BOPET pertama di Purwakarta, Indonesia dengan kapasitas produksi 20.000 ton/tahun.

Pembukaan lini produksi Extrusion Coating untuk Thermal Lamination film di Suzhou, Cina dengan kapasitas 5.900 ton/tahun.

Pembukaan lini produksi Metalizing pertama di Purwakarta dengan kapasitas 7.000 ton/tahun.

Indopoly menerima penghargaan “Superior Award” untuk kemasan makanan dari American Institute of Baking.

Indopoly menjadi perusahaan publik dan mencatatkan sahamnya di Bursa Efek Indonesia.

Peletakan batu pertama (groundbreaking) untuk lini produksi film BOPET sebagai lini produksi ketiga di Purwakarta, Indonesia.

Peningkatan kecepatan mesin pada lini produksi film BOPP kedua di Purwakarta, Indonesia sebesar 10%.

Indopoly’s Annual General Meeting of Shareholders and Public Expose.

1st BOPET line was commissioned in Purwakarta, Indonesia with a capacity of 20,000 tonnes/year.

Extrusion coating unit for thermal lamination film was commissioned in Suzhou, China with a capacity of 5,900 tonnes/ year.

1st Metalizing line was commissioned in Purwakarta, Indonesia with a capacity of 7,000 tonnes/year.

Indopoly received “Superior Award” for food packaging from the American Institute of Baking.

Indopoly became a publicly listed company in the Indonesia Stock Exchange.

Groundbreaking for new BOPET film line as the 3rd production line in Purwakarta, Indonesia.

Machine speed was increased by 10% in 2nd BOPP line in Purwakarta, Indonesia.

77 Annual Report 2012 Annual Report 2012


Pencapaian INDOPOLY INDOPOLY’s Achievements

PT Indopoly Swakarsa Industry Tbk.

Yunnan Kunlene Film Industries Co. Ltd.

ISO 9001:2008 Quality Management System

H.M Sampoerna Service Excellence Award 2011

AIB - Recognition of Accomplishment Food Safety Management

ISO 9001:2008 Quality Management System

ISO 14001:2004 Environmental Management System

100 Star Enterprise Award 2006 - 2008


ISO 28001:2001 Occupational Health and Safety Management System


ISO 9001:2008 Quality Management System ISO 28001:2001 Occupational Health and Safety Management System

9


AIB - Recognition of Accomplishment Food Safety Management

ISO 14001:2004 Environmental Management System

Djarum Best Business Partner of the Year 2011

Suzhou Kunlene Film Industries Co. Ltd.

Annual Report 2012


Ikhtisar Keuangan

Gr afik Kiner ja Keuangan

Financial Highlights

Financial Performance Graphs N ot asi ber ikut d is ajikan d alam USD r ibuan (ke c uali d ise butkan lain) Fi gures are presente d in USD thous and (unles s s t ate d other wise)

2012

2011

2010 Operational Performances

Kinerja Operasional Penjualan Bersih

227,273

207,312

178,858

Net Sales

Laba (Rugi) Kotor

38,541

34,895

48,424

Gross Profit

Laba (Rugi) Usaha

16,528

15,843

30,627

Operating Income

EBITDA

27,169

23,948

36,719

EBITDA

Laba Tahun Berjalan yang Diatribusikan kepada Pemilik Entitas Induk

7,242

6,991

15,680

Total Income for the Year Attributable to Owner of the Parent Entity

23,975

4,314

593

Jumlah Aset

282,828

296,353

252,325

Total Assets

Jumlah Kewajiban

141,807

162,199

124,988

Total Liabilities

4,524

4,270

3,778

Jumlah Ekuitas

141,021

134,155

127,337

Total Equity

Modal Kerja Bersih

(12,082)

(15,499)

16,153

Net Working Capital

Jumlah Pinjaman Bersih

104,625

122,485

73,587

Net Borrowing

Penggunaan Modal

185,988

189,176

174,133

Capital Employed

4,999

52,096

25,190

Capital Expenditures

689,135

856,589

1,674,530

6,441

6,441

6,441

Kapitalisasi Pasar pada 31 Desember (dalam juta rupiah) Saham Biasa yang Ditempatkan (juta lembar)

Market Capitalization as of 31 December (in million IDR) Issued Ordinary Shares (million shares)

0.0011

0.0011

0.0024

Basic Earnings per Share

Nilai Buku per Saham

0.0219

0.0208

0.0198

Book Value per Share

Laba Usaha Operating Income

30,627

227,273 207,312 178,858

15,680

15,843

6,991

Tahun/year

2010

2011

2012

Tahun/year

2010

2011

Jumlah Ekuitas

Jumlah Aset

Total Equity

Total Assets

16,528

7,242

2012

296,353 141,021 282,828

Financial Ratios

Rasio Keuangan (%) Rasio Lancar

88

86

121

Current Ratio

Rasio Kewajiban terhadap Aset

50

55

50

Liabilities to Assets Ratio

Rasio Kewajiban terhadap Jumlah Ekuitas

101

121

98

Total Liabilities to Total Equity

Pinjaman Bersih terhadap Jumlah Ekuitas

74

91

58

Net Borrowing on Total Equity

EBITDA terhadap Net Interest Coverage (dalam kelipatan)

4

4

5

EBITDA to Net Interest Coverage (times)

Pinjaman Bersih terhadap Aset

37

41

29

Net Borrowings on Assets

Imbal Hasil atas Aset

3

2

6

Return on Assets (ROA)

Imbal Hasil atas Penggunaan Modal

4

4

9

Return on Capital Employed

Imbal Hasil atas Ekuitas

5

5

12


Laba Bersih Net Income

Total Equity to the Owner of Non-Controling Interest

Laba Bersih per Saham Dasar

12

Profit

Per Share Data (USD)

Data per Saham (USD)

Data 2010-2011 berdasarkan hasil pengukuran kembali Data dinyatakan dalam Standar Amerika

Sales

Net Cash Provided by Operating Activities

Kas Bersih Diperoleh dari Aktivitas Operasi

Belanja Modal

Laba

Financial Performances

Kinerja Keuangan

Jumlah Ekuitas kepada Kepentingan NonPengendali

Penjualan

134,155

252,325

127,337

Tahun/year

2010

2011

2012

Tahun/year

2010 Dalam Ribuan USD In Thousand USD

2011

2012

Dinyatakan dalam Standar Amerika Stated in American Standard

Return on Equity (ROE) 2010-2011 figures are based on remeasured historical data Figures are stated in American standard


Ikhtisar Saham

Struk tur Pemegang Saham

Harga saham Indopoly vs IHSG tahun 2012 Indopoly share price vs JCI in 2012

Stock Highlights

Shareholders Structure : Harga Saham(close price) / ticker: IPOL

: IHSG (poin) / (JCI: point)

IIPOL POL

I H SG /JC I IHSG / JCI

150

4,750.00

140

4,500.00 4,250.00

130

4,000.00

120

3,750.00 3,500.00

110

3,250.00

100

3,000.00

90

2,500.00

70

2,250.00

NO

Publik Public

IPN

2,000.00

60

1,750.00

50

1,500.00

40

1,250.00

30

1,000.00

41.03%

23.16%

0.10%

35.71%

750.00

20

500.00

10 -‐

JGH

2,750.00

80

250.00

Jan-‐12

Feb-‐12

Mar-‐12

Apr-‐12 May-‐12 Jun-‐12 Harga Saham (close price) / Tcker:IPOL

Jul-‐12

Aug-‐12 Sep-‐12 IHSG (poin) / JCI (point)

Oct-‐12

Dec-‐12

Informasi Bursa saham

Stock Marke t Information

- Kapitalisasi pasar Indopoly per akhir tahun 2012 adalah Rp 683 miliar. Saham Indopoly terdaftar di Bursa Efek Indonesia per tanggal 28 Desember 2012 sebanyak 6.440.516.680. Selama tahun 2012, tidak ada waran Indopoly yang dikonversikan ke lembar saham.

- The market capitalization of Indopoly as of year-end 2012 was IDR 683 billion. A total of 6,440,516,680 shares of Indopoly were listed on the Indonesia Stock Exchange as of 28 December 2012. In 2012, there were no warrants converted to common stock.

- Jumlah saham yang diperdagangkan di tahun 2012 mencapai 1.135.818 saham, menurun sebesar 83% dari 6.793.787 saham di tahun 2011.

- A total of shares of Indopoly was traded in 2012 amounted to 1,135,818 shares, a decrease of 83% from 6,793,787 shares traded in 2011.

- Saham Indopoly diperdagangkan dengan harga Rp 134 per saham pada pembukaan pasar tanggal 2 Januari 2012 dan ditutup di harga Rp 106 per saham pada penutupan pasar di 28 Desember 2012. Tahun 2012, Indonesia Composite Index (ICI) dibuka di 3.821,63 dan ditutup di 4.316,69, meningkat sebanyak 13%.

- Indopoly shares opened at IDR 134 per share on the opening of market on 2 January 2012 and closed at IDR 106 per share on 28 December 2012. In 2012, the Indonesia Composite Index (ICI) opened at 3,821.63 and closed at 4,316.69, an increase of 13%.

- Untuk keuangan tahun 2012, Indopoly membayar dividen berjumlah Rp 6,4 miliar atau Rp 1,00 per saham. Ini menunjukkan rasio yang dibayar sebesar 13%.

- For financial year 2012, Indopoly paid-out dividends amounting IDR 6.4 billion or IDR 1.00 per share. This represented a pay-out ratio of 13%.

- Jumlah pemegang saham Indopoly yang terdaftar adalah 2.338 pemegang saham per tanggal 28 Desember 2012.

- The number of registered Indopoly shareholders was 2,338 shareholders as of 28 December 2012.

100%

100%

YKFI

SKFI

Keterangan NO : Noble Ox International Ltd. JGH : Jefflyne Golden Holdings Pte. Ltd.

2011

2012

Penutupan Closing

Volume (dalam ribuan) Volume (in thousand)

Tertinggi Highest

Terendah Lowest

Penutupan Closing

Volume (dalam ribuan) Volume (in thousand)

Q1

265

183

189

1,180,189

142

130

141

276,277

Q2

235

185

215

2,436,660

141

102

106

191,685

Q3

230

145

155

2,783,715

126

102

112

149,516

Q4

170

127

133

393,224

135

102

106

518,341

Kurs Penutupan Closing Rate (IDR-USD)

9,460

8,418

9,068

9,707

8,892

9,670

6,793,787

: PT Inti Pincuranmas Nugraha

GPI : Golden Polindo Industries Pte. Ltd.

Terendah Lowest


GPI

Explanation

Tertinggi Highest

14

89.24%

IPN

Periode Period

Total

Perseroan Company

-‐

Nov-‐12

YKFI : Yunnan Kunlene Film Industries Co. Ltd. SKFI : Suzhou Kunlene Film Industries Co. Ltd.

1,135,818


Sambutan Presiden Komisaris Message from the President Commissioner

K ami sangat menghargai upaya dan komitmen Direk si dal am mer aih l aba sesuai targe t pada tahun 2012. Demikian pul a dedik asi tim mana jemen dal am menghadapi tantangan di tahun ini. We highly appreciate the Board of Directors’ effort and commitment to attain the level of profits that they targeted in 2012, as well as the management team for their dedication in facing challenges throughout the year.

2

1

3

Felielyne Halim/ President Commissioner

1

Ryan Permana/ Commissioner 2 Irawan Sastrotanojo/ Independent Commissioner 3

Par a Pemegang Saham yang Terhormat,

De ar valued ShareHolders,

Tahun 2012 adalah periode yang penuh tantangan

2012 was a challenging year for PT Indopoly

bagi PT Indopoly Swakarsa Industry Tbk. Walaupun

Swakarsa Industry Tbk. Although the demand for

permintaan akan produk flexible packaging terus

flexible products continued to grow with the increase

tumbuh seiring dengan meningkatnya jumlah penduduk

in global population, unstable global oil prices

dunia, harga minyak dunia yang tidak stabil telah

brought a significant hike in raw material prices,

memicu kenaikan harga bahan baku, sehingga

therefore increasing production costs. This posed

meningkatkan ongkos produksi yang signifikan karena

a challenge especially when the management has

naiknya harga bahan baku. Hal tersebut menjadi

targeted to achieve an increase in total annual sales

tantangan bagi manajemen yang telah menetapkan

by 10% compared to previous year, through improved

target kenaikan total penjualan tahun ini sebesar 10%

production capacity led by the BOPET machine which

dibanding tahun lalu, melalui peningkatan kapasitas

began operation in mid 2011.

produksi mesin BOPET yang dioperasikan pada pertengahan tahun 2011.



Dewan Komisaris

Sambutan Presiden Komisaris Message from the President Commissioner

Board of Commissioners

Dengan berbahagia kami mengumumkan bahwa

We are happy to announce that the management had

manajemen telah berhasil menjawab tantangan

met these challenges successfully. Our production was

tersebut dengan sukses. Seluruh lini produksi kami

running at optimum capacity and at the same time, we

berjalan pada kapasitas penuh dan pada waktu yang

have expanded our global market coverage as well as

bersamaan, kami telah memperluas pasar global serta

secured new customers around the world.

memperoleh pelanggan-pelanggan baru. Selain itu kondisi perekonomian Indonesia yang

Additionally, Indonesia’s fast moving economy has

tumbuh pesat juga membuat pasar domestik kami terus

allowed us to enjoy a positive growth in our existing

tumbuh dan berkontribusi positif pada laba perusahaan

domestic market, thus leading to performance

dibandingkan periode tahun sebelumnya.

improvement in 2012 compared to previous year.

Dewan Komisaris ingin menyampaikan penghargaan

The Board of Commissioners would like to express our

dan apresiasi tinggi pada Direksi yang telah berhasil

gratitude and appreciation to the Board of Directors

mencapai tingkat laba yang ditargetkan pada tahun

for successfully reached the level of profits that they

2012 di tengah kondisi ekonomi global yang tidak

targeted in 2012, despite the uncertain global economic

menentu.

conditions.

Kami telah melihat langsung solidnya kerjasama tim

We were able to witness the teamwork and dedication

dan dedikasi yang ditunjukkan staf dan manajemen

put forth by the staff and management team to face

dalam menghadapi tantangan yang diberikan kepada

the challenges brought upon them throughout 2012.

mereka sepanjang tahun 2012. Kami yakin kerja

We are confident that their relentless hard work and

keras yang tak ada henti dan dedikasi yang tinggi

dedication will allow us to continuously grow to become

akan membuat Perseroan terus bertumbuh dan akan

one of the leading flexible packaging manufacturers

menjadi salah satu pemimpin dalam industri flexible

globally.

Felielyne Halim

Ryan Permana

Irawan Sastrotanojo

Presiden Komisaris President Commissioner

Komisaris Commissioner

Komisaris Independen Independent Commissioner

Warganegara Indonesia, 58 tahun. Menjabat sebagai Presiden Komisaris Perseroan sejak tahun 2001 berdasarkan Akta Risalah Rapat No. 1 tertanggal 6 Juni 2011. Lulus dengan Business Executive Diploma dari Thames College London pada tahun 1977.

Warganegara Indonesia, 54 tahun. Bergabung dengan Perseroan sebagai Direktur sejak tahun 1995 dan ditunjuk untuk menjabat sebagai Komisaris Perseroan sejak tahun 2000 berdasarkan Akta Pernyataan Keputusan Sirkular Pemegang Saham No. 84 tertanggal 31 Mei 2000. Juga menjabat sebagai Komisaris di PT Supernova (2000-sekarang), dan PT Supernova Flexible Packaging (2000-sekarang), serta merupakan Staf Pengajar di Fakultas Ekonomi Universitas Indonesia (1986-sekarang). Lulus dari Fakultas Ekonomi Universitas Indonesia jurusan Akuntansi pada tahun 1984.

Warganegara Indonesia, 58 tahun. Menjabat sebagai Komisaris Independen berdasarkan Akta Pernyataan Keputusan Sirkular Para Pemegang Saham No. 5 tertanggal 1 Maret 2010, sekaligus Ketua Komite Audit Perseroan sejak tahun 2010. Juga menjabat sebagai anggota Supervisory Board of Putera Sampoerna Foundation (2006-sekarang) dan Presiden Komisaris di PT Apexindo Pratama Duta (2012-sekarang). Sebelumnya, pernah menjabat sebagai Partner and Head of Transactions Advisory Services di KAP Purwantono, Sarwoko & Sandjaja, afiliasi dari PT Ernst & Young International (2002-2009) dan sebagai Audit Partner and Head of Transactions Advisory Services di KAP Prasetio, Utomo & Co, afiliasi dari Arthur Andersen & Co (1988-2002). Lulus dengan Bachelor of Science dari De La Salle University, Manila, Philippines dengan konsentrasi di bidang Akuntansi dan Keuangan.

Indonesian citizen, 58 years old. President Commissioner of the Company since 2001 based on Statement of Meeting Resolutions Deed No. 1 dated 6 June 2011. Graduated with Business Executive Diploma from Thames College London in 1977.

Indonesia citizen, 54 years old. Commissioner of the Company since 2000 based on Statement of Circular Resolutions of the Shareholders Deed No. 84 dated 31 May 2000. Has joined the Company and firstly served as Director since 1995. Also the Commissioner of both PT Supernova (2000-present) and PT Supernova Flexible Packaging (2000-present), and the Teaching Staff at the Faculty of Economy at University of Indonesia (1986-present). Graduated from the Faculty of Economic at University of Indonesia majoring in Accounting in 1984.

Indonesian citizen, 58 years old. Independent Commissioner based on Statement of Circular Resolutions of the Shareholders Deed No. 5 dated 1 March 2010 and concurrently serves as Audit Committee Chairman of the Company since 2010. Also a member of Supervisory Board of Putera Sampoerna Foundation (2006-present) and President Commissioner at PT Apexindo Pratama Duta (2012-present). Previously, held the position of Partner and Head Transactions Advisory Services at KAP Purwantono, Sarwoko & Sandjaja, an affiliate of PT Ernst & Young International (2002-2009) and as an Audit Partner and Head of Transaction Advisory Services at KAP Presetio, Utomo & Co, an affiliate of Arthur Andersen & Co (1988-2002). Has a Bachelor of Science degree in Accounting and Finance from the De La Salle University in Manila, Philippines.

packaging secara global. Kami juga menyampaikan terima kasih kepada para

We would also like to thank our shareholders for their

pemegang saham atas dukungan dan kepercayaan

unwavering support and confidence in the Company,

yang tak pernah goyah pada Indopoly, serta kepada

as well as to other stakeholders for their cooperation.

pemangku kepentingan lainnya atas kerjasama erat yang telah diberikan. Kami sangat percaya bahwa Indopoly akan semakin

We strongly believe that Indopoly will sustainably grow

bertumbuh secara berkesinambungan di tahun-tahun

stronger in the future.

yang akan datang. Best regards, Felielyne Halim




Laporan Kepada Pemegang Saham Report to Shareholders

Par a Pemegang Saham yang k ami hormati,

De ar our valued Shareholders,

Saya sangat gembira bahwa tahun 2012 telah berakhir

I am delighted that 2012 has ended with exceeding

dengan hasil yang melebihi harapan di tengah-

results amidst the many challenges we faced. Carrying

tengah banyaknya tantangan yang kita hadapi.

our commitment from 2011 when we invested in new

Melanjutkan komitmen kami pada tahun 2011 di saat

machineries, 2012 witnessed our continuous efforts to

kami berinvestasi pada mesin-mesin baru, tahun

improve operational performance while expanding our

2012 menjadi saksi upaya terus menerus kami dalam

global market presence.

meningkatkan kinerja operasional sambil memperluas kehadiran kami di pasar global. Saya sangat senang untuk memberitahukan bahwa

I am pleased to report an increase in sales by

telah adanya peningkatan penjualan sebesar 10%

approximately 10% compared to the previous year,

dibandingkan tahun sebelumnya, terutama didukung

mainly supported by the increase in BOPET production

oleh peningkatan lini produksi BOPET, yang telah

line commissioned in mid 2011. The sales of BOPET

beroperasi sejak pertengahan tahun 2011. Penjualan

film has picked up the momentum and contributed to

film Bopet telah secara pesat berkontribusi pada

the increase in total quantity sold by approximately

peningkatan total jumlah penjualan sekitar 15%

15% from previous year. In addition, two metalizing

dibandingkan tahun sebelumnya. Selain itu, dua unit

units and one thermal lamination machine have added

mesin metalizing dan satu mesin laminasi thermal telah

variety to our product offerings, which is in line with our

menambah variasi produk yang bisa kami tawarkan,

strategy of horizontal diversification.

sejalan dengan strategi diversifikasi horisontal. Omset Perseroan sebesar USD 227 juta dan

The Company’s turnover of USD 227 million and net

pencapaian laba bersih sebesar USD 7,2 juta pada

profit of USD 7.2 million in 2012 are only the beginning.

tahun 2012 baru merupakan langkah awal. Investasi

Our continuous investment in state-of-the-art

kami yang berkelanjutan dalam peralatan berteknologi

equipment and our cutting edge technology will assure

tinggi, serta teknologi mutakhir yang kami miliki dapat

Indopoly to go up to even higher leadership position in

menjamin Indopoly akan berada di posisi lebih tinggi

the ever-growing flexible packaging film industry.

sebagai pemimpin dari industri film kemasan fleksibel yang terus bertumbuh.

2

3

4

1

5

6

Henry Halim/ President Director Leo Firdaus/ Director 2 Pe Maria Indra/ Director

1

Bambang Widjaja/ Director

4

Jose Gonjoran Tan/ Unaffiliated Director 3

Sichaburamli/ Director

6

5

Tim manajemen kami selalu siap untuk mengurangi

Our management team is always ready to mitigate

kemungkinan risiko operasional. Lokasi strategis yang

foreseeable operational risks. Our strategic locations

kami miliki di Cina dan Indonesia telah memungkinkan

in China and Indonesia have allowed us to capitalize

kami memanfaatkan perjanjian perdagangan yang

on the trade agreements that these countries have with

dimiliki negara ini dengan mitra dagang mereka.

their trading partners. In addition, our global market

Selain itu, pencapaian pasar global dan variasi produk

reach and various high-end product offerings have

berkualitas tinggi yang ditawarkan telah membantu

helped us to sustain and grow our profitability level.

kami dalam mempertahankan dan menumbuhkan tingkat laba Perseroan.



Laporan Kepada Pemegang Saham Report to Shareholders

Tahun ini, Indopoly terus memperbaiki infrastruktur

This year, Indopoly has kept on improving its

untuk menarik pelanggan berkelas, yang

infrastructure to attract more sophisticated customers

mengedepankan kualitas dan konsistensi. Kami telah

who prioritize quality and consistency. We have been

bekerjasama dengan para pelanggan setia untuk

working with our long term loyal customers to set

mengatur standar kualitas yang lebih tinggi, yang

a higher quality standard, which will significantly give

un t uk mer aih suk se s yang leb ih

akan secara signifikan memberi keunggulan kompetitif

us a competitive edge in the long run. Additionally,

be sar bag i pemegang saham ,

dalam jangka panjang. Selain itu, kami juga fokus pada

we are also focusing on capturing the South African

pel anggan, dan k aryawan.

upaya menggaet pasar di Afrika Selatan dan negara

market and other South East Asian countries.

Asia Tenggara lainnya. Selain mengeksplorasi pasar luar negeri, kami juga

While exploring export markets, we kept also a close

terus mengamati pasar lokal di Indonesia dan Cina di

eye on the local Indonesia and China markets in

mana kami telah berada. Meskipun sedang mengalami

which we already have a presence. Despite the global

krisis ekonomi global, kelompok berpendapatan

economic downturn, Indonesia and China’s growing

menengah dan menengah ke atas yang sedang tumbuh

middle and upper-middle income groups translated to

telah memberikan kontribusi melalui permintaan produk

a greater demand for fast-moving consumer products

konsumen yang membutuhkan kemasan berbahan

that require high-quality packaging materials. This

kualitas tinggi. Pertanda baik ini menjadikan posisi

augurs well for we are well position to tap on this

kami sangat baik dalam menyentuh pertumbuhan

growing demand for flexible packaging products.

permintaan akan produk kemasan fleksibel. Setelah memperlihatkan kinerja yang baik tahun lalu

Following an encouraging performance last year, we

kami berkeinginan meningkatkan target lebih tinggi

are looking forward to setting the bar even higher

di tahun berikutnya. Beberapa inisiatif perbaikan

for subsequent year. Several improvement initiatives

telah direncanakan untuk beberapa bulan ke depan,

already planned for in the upcoming months included

termasuk didalamnya meningkatkan efisiensi

enhancing production efficiency, integrating China and

produksi, menyatukan manajemen tim Cina dan

Indonesia’s management team to tap on each other’s

Indonesia untuk menyentuh kekuatan masing-masing,

strengths, cultivating the human capital and placing

hingga membudidayakan sumber daya manusia dan

emphasis on our technological capabilities.

kemampuan teknologi kami. Saya sangat bersyukur bahwa perusahaan kami telah

I am grateful that our Company has built a strong

membangun fondasi yang kuat melalui diversifikasi

foundation through horizontal diversification, vertical

horisontal, vertikal integrasi dan globalisasi, yang

integration, and globalization, which has provided

telah menyediakan kerangka solid bagi kita di masa

a solid backbone for the future. I believe this will be the

mendatang. Saya percaya ini akan menjadi pondasi

springboard to propel the Company to greater success

yang kuat untuk menggerakkan Perseroan ke tingkat

and rewards for its shareholders, suppliers, and

kesuksesan yang lebih tinggi dan tentunya imbal

employees alike.

Dengan l anda san yang ko ko h, per seroan memilik i k e sempatan

Through the solid foundation, we are in a good position to achieve a greater success for the shareholders, customers, and employees alike.

Dalam mengelola perusahaan, Dewan Direksi sangat

In managing the Company, the Board of Directors

cermat dalam mematuhi prinsip-prinsip good corporate

has been prudent in complying with good corporate

governance dan undang-undang/peraturan yang

governance principles and prevailing laws/regulations

berlaku di negara tempat perusahaan beroperasi.

of the countries where the Company operates. We also

Kami juga selalu berusaha untuk menerapkan prinsip-

strived to implement the principles of transparency,

prinsip transparansi, akuntabilitas, tanggung jawab,

accountability, responsibility, independence, and

kebebasan, dan keadilan terhadap para pemegang

fairness to all stakeholders.

saham kami. Atas nama Dewan Direksi, saya ingin mengambil

On behalf of the Board of Directors, I would also

kesempatan ini mengucapkan terima kasih kepada

like to take this opportunity to thank all members of

manajemen dan karyawan atas dedikasi, kerja keras,

management and employees for their dedication, hard

dan kesetiaan mereka dalam memastikan bahwa

work, and loyalty in ensuring that Company achieve

perusahaan mencapai tujuannya sambil tetap menjaga

its objectives while maintaining the highest level

profesionalisme dan kecakapan di level tertinggi.

of due diligence and professionalism. Furthermore,

Selanjutnya, saya ingin mengungkapkan rasa syukur

I would like to express gratitude to our shareholders for

kepada pemegang saham atas dukungan yang tak

your continuous support. I hope you are pleased with

pernah goyah. Saya harap Anda semua senang

how your company has performed and evolved. I also

dengan bagaimana perusahaan telah bekerja dan

believe that you share our excitement about Indopoly’s

berkembang. Saya juga percaya bahwa Anda juga

future to retain its premium position as a global leader

berbagi kegembiraan terhadap masa depan Indopoly

of high-end flexible packaging film manufacturer.

untuk bisa mempertahankan posisi sebagai pemimpin global produsen kemasan fleksibel.

Best regards, Henry Halim

hasil yang lebih baik kepada para pemegang saham, pemasok serta para karyawan.

Presiden Direktur President Director



Direk si Board of Directors

Henry Halim

Pe Maria Indra

Sichaburamli

Leo Firdaus

Bambang Widjaja

Jose Gonjoran Tan


Direktur Director

Direktur Director

Direktur Director

Direktur Director

Direktur Tak Teraffiliasi Unaffiliated Director

Warganegara Indonesia, 63 tahun. Pendiri Perseroan yang telah menjabat sebagai Presiden Direktur Perseroan sejak tahun 1995 berdasarkan Akta Pendirian Perseroan No. 114 tertanggal 24 Maret 1995. Juga menjabat sebagai Chairman and CEO di Yunnan Kunlene Film Industries Co. Ltd. (1994-sekarang), Chairman and CEO di Suzhou Kunlene Film Industries Co. Ltd (2001-sekarang), Presiden Direktur di PT Supernova (1995-sekarang), Presiden Direktur di PT Supernova Flexible Packaging (1995-sekarang). Lulus dengan Sarjana Administrasi Bisnis dengan konsentrasi di bidang Bisnis dan Marketing Internasional dari McGill University, Montreal, Kanada pada tahun 1977.

Warganegara Indonesia, 45 tahun. Menjabat sebagai Direktur Keuangan sejak tahun 2011 berdasarkan Akta Pernyataan Keputusan Rapat No. 48 tertanggal 21 Juli 2011. Sebelumnya menjabat sebagai Finance General Manager Perseroan pada tahun 2009. Selain itu juga pernah menjabat sebagai Financial Controller di PT Tyfountex Indonesia pada tahun 1994. Memiliki pengalaman yang luas dalam bidang keuangan selama lebih dari 20 tahun. Lulus dari Universitas Gadjah Mada jurusan Akuntansi pada tahun 1990.

Warganegara Indonesia, 49 tahun. Menjabat sebagai Direktur Operasional sejak tahun 2012 berdasarkan Akta Pernyataan Keputusan Rapat Umum Pemegang Saham Luar Biasa No. 90 tertanggal 25 Juni 2012. Sebelumnya pernah bekerja di PT Kraft Foods Indonesia (2001-2003) dan PT L’Oreal Indonesia (2003-2011). Lulus dari Universitas Ibn Khaldun Bogor jurusan Teknik Mesin.

Warganegara Indonesia, 33 tahun. Sejak tahun 2011 menjabat sebagai Direktur Komersial, Pengembangan Bisnis, dan Operasi Internasional berdasarkan Akta Pernyataan Keputusan Rapat No. 48 tertanggal 21 Juli 2011. Bergabung dengan Suzhou Kunlene Film Industries Co. Ltd. sejak tahun 2002 sebagai Sales Executive dan terakhir menjabat sebagai Senior General Manager sebelum diangkat sebagai Direktur. Lulus dari University of New South Wales, Australia jurusan Teknik Komputer pada tahun 2001.

Warganegara Indonesia, 49 tahun. Bergabung dengan Perseroan sejak 1995 dan menjabat sebagai Direktur Penelitian dan Pengembangan sejak tahun 2011 berdasarkan Akta Pernyataan Keputusan Rapat No. 48 tertanggal 21 Juli 2011. Sebelumnya menjabat sebagai Factory General Manager Perseroan. Lulus dari Universitas Satya Wacana jurusan Teknik Elektro pada tahun 1988 dan Master of Business Administration dari Institute of Management Semarang pada tahun 1995.

Warganegara Filipina, 44 tahun. Menjabat sebagai Direktur Tidak Terafiliasi sejak tahun 2011 berdasarkan Akta Pernyataan Keputusan Rapat No. 48 tertanggal 21 Juli 2011. Sebelumnya pernah menjabat sebagai Advisor & Audit Executive di KAP Purwantono, Sarwoko & Sandjaja, afiliasi dari Ernst & Young Internasional (2003-2010), dan KAP Prasetio, Utomo & Co, afiliasi dari Arthur Andersen & Co (2000-2003). Lulus sebagai Bachelor of Science in Commerce dari University of Santo Tomas, Filipina jurusan Akuntansi pada tahun 1989.

Indonesian citizen, 63 years old. The Founder of the Company, President Director since 1995 based on Deed of Company Establishment No. 114 dated 24 March 1995. Also serves as Chairman and CEO of Yunnan Kunlene Film Industries Co.Ltd. (1994-present), Chairman and CEO at Suzhou Kunlene Film Industries Co.Ltd. (2001-present), President Director of PT Supernova (1995-Present), President Director of PT Supernova Flexible Packaging (1995-present). Graduated with Bachelor in Business Administration majoring in International Business and Marketing at McGill University, Montreal, Canada in 1977.

Indonesian citizen, 45 years old. Finance Director since 2011 based on Statement of Meeting Resolutions Deed No. 48 dated 21 July 2011. Previously, served as Finance General Manager of the Company since 2009. She was formerly a Financial Controller in PT Tyfountex Indonesia in 1994. She has extensive experience in finance for more than 20 years. Graduated from Gadjah Mada University majoring in Accounting in 1990.

Indonesian citizen, 49 years old. He has been appointed to be the Operational Director since 2012 based on Extraordinary General Meeting of Shareholders Deed No. 90 dated 25 June 2012. He has formerly worked in PT Kraft Foods Indonesia (2001-2003) and in PT L’Oreal Indonesia (2003-2011). Graduated from Ibn Khaldun University majoring in Mechanical Engineering.

Indonesian citizen, 33 years old. He has been a Commercial, Business Development, and International Operations Director since 2011 based on Statement of Meeting Resolutions Deed No. 48 dated 21 July 2011. Joined Suzhou Kunlene Film Industries Co. Ltd. since 2002 as Sales Executive, previously was Senior General Manager before appointed as Director. Graduated from New South Wales University, Australia majoring in Computer Science in 2001.

Indonesian citizen, 49 years old. He has served as a Research and Development (R&D) Director since 2011 based on Statement of Meeting Resolutions Deed No. 48 dated 21 July 2011 and joined the Company since 1995. Previously, was Factory General Manager of the Company. Graduated from Satya Wacana University majoring in Electrical Engineering in 1988 and holding Master of Business Administration degree from Institute of Management Semarang in 1995.

Philippine citizen, 44 years old. Unaffiliated Director since 2011 based on Statement of Meeting Resolutions Deed No. 48 dated 21 July 2011. Previously, held Advisor & Audit Executive at KAP Purwantono, Sarwoko & Sandjaja, an affiliate of Ernst & Young International (2003-2010) and at KAP Prasetio, Utomo & Co, an affiliate of Arthur Andersen & Co (2000-2003). Graduated Bachelor of Science in Commerce from University of Santo Tomas, Philippine in 1989.



Company Profile Developing premium flexible packaging products to meet global customer’s demands and creating shareholders’ value to reach sustainable growth.



Profil Perusaha an Company Profile

Informasi Umum Perusahaan

General Information

PT Indopoly Swakarsa Industry Tbk. telah terdaftar

PT Indopoly Swakarsa Industry Tbk. is a publicly listed

di Bursa Efek Indonesia pada tanggal 9 Juli 2010.

company, having successfully listed its shares on the

Perseroan memiliki kapitalisasi pasar sebesar

Indonesia Stock Exchange in 9 July 2010. It has

Rp 683 miliar per tanggal 31 Desember 2012.

a market capitalization of IDR 683 billion as of 31 December 2012.

Perseroan merupakan salah satu pabrikan terbesar

The Company is one of the largest manufacturers of

yang memproduksi flexible packaging di Asia

flexible packaging film products in Southeast Asia, with

Tenggara, dengan dua pabrikan lainnya yang berlokasi

two of its manufacturing plants located in China. The

di Cina. Lini produksi yang terletak di Kunming, provinsi

plant in Kunming, Yunnan province sells 100 % of its

Yunnan menjual sebanyak 100 % dari kapasitasnya

capacity to leading cigarette manufacturers in China.

untuk pabrikan rokok di Cina. Sedangkan lini produksi

The plant in Suzhou, Jiangsu province sells most of

yang terletak di Suzhou, provinsi Jiangsu menjual

its capacity to high-end customers in the food and

sebagian besar kapasitasnya untuk konsumen kelas

beverage industry in China and elsewhere.

atas yang umumnya bergerak di industri makanan dan minuman di Cina maupun negara lainnya.


Sementara itu, pabrik Perseroan yang terletak di

Meanwhile, the Company’s plant in Indonesia supplies

Indonesia memasok sekitar setengah dari kebutuhan

approximately half of the film packaging needs of the

kemasan film dari lima perusahaan rokok terbesar di

five largest cigarette manufacturers in Indonesia, in

Indonesia, berikut konsumen multinasional lainnya di

addition to those of various multinational clients in

lima benua.

five continents.


Profil Perusahaan Company Profile

Kesuksesan Indopoly yang diperoleh hingga saat ini

Indopoly owes its success to a combination of factors

didukung oleh banyak faktor termasuk diantaranya tim

that include a strong management with over 25 years of

manajemen yang kuat dengan pengalaman selama

experience in the industry and the use of leading-edge

hampir 25 tahun di industri ini dan penggunaan

technology.

teknologi termutakhir.

Anak Perusaha an

Subsidiaries

Golden Polindo Industries Pte. Ltd. (GPI)

Golden Polindo Industries Pte. Ltd. (GPI)

GPI didirikan pada tanggal 4 Oktober 1994

GPI was incorporated on 4 October 1994 under the

berdasarkan hukum Republik Singapura. GPI sebagai

laws of the Republic of Singapore as an investment

perusahaan induk dari dua anak perusahaan di

holding company that is majority controlled by

Budaya inovatif juga ditanamkan secara mendalam

An innovative culture is deeply instilled among the

Cina merupakan salah satu bagian dari strategi

Indopoly. GPI was formed to serve as the holding

di antara karyawan, didukung dengan lingkungan

Company’s human capital, imbuing a strong sense of

globalisasi Indopoly. Melalui GPI, Indopoly mampu

company of the two manufacturing subsidiaries in

kerja yang positif menghasilkan produk-produk film

innovation in addition to constructive team work that

mengembangkan bisnisnya menjadi salah satu

China that constitute part of the globalization strategy

berkualitas tinggi dan bertaraf internasional.

produces high-quality film products of world class

bagian dari ekonomi dunia dengan memperkuat posisi

of Indopoly. Through GPI, Indopoly has been able to

standard.

strategisnya di wilayah Asia yang sedang berkembang.

develop its business as part of the world economy while firmly planting a strategic foothold in the fast

Indopoly bertujuan meningkatkan value para

Indopoly aims to increase stakeholder value through

pemegang saham melalui pertumbuhan yang

sustainable long-term growth by adopting three strong

berkesinambungan dengan mengadopsi tiga strategi

strategies, namely: through horizontal diversification,

yaitu: melalui diversifikasi secara merata, integrasi

vertical integration and globalization.

vertikal dan globalisasi.

growing region of Asia. Yunnan Kunlene Film Industries Co. Ltd. (YKFI)

Yunnan Kunlene Film Industries Co. Ltd. (YKFI)



didirikan pada tanggal 15 Desember 1994 berdasarkan

was incorporated on 15 December 1994 under

hukum Republik Rakyat Cina, berlokasi di 10 Kun Ling

the laws of the People’s Republic of China, located

Tujuan ini dapat dicapai dengan didukung oleh visi

It will achieve this goal by espousing a green vision,

Road, Kunming National Economic and Technological

on 10 Kun Ling Road, Kunming National Economic and

ramah lingkungan (a green vision) dan melaksanakan

operating with an environmentally friendly materials

Development Zone, Kunming 650217, Yunnan Province

Technological Development Zone, Kunming 650217,

program-program tanggung jawab sosial yang

while undertaking continuous corporate social

P.R. Cina. Pabrik ini diresmikan di bulan Agustus

Yunnan Province P.R. China. This plant was

berkesinambungan.

responsibility program.

1996 dan beroperasi di atas lahan seluas 5,9 hektar.

commissioned in August 1996 and today operates on

Pabrikan ini mengoperasikan lini tunggal mesin

a 5.9 hectare site. The plant operates a single line

Brückner pembuat film selebar 6,2 meter dengan

Brückner film-making machine at a width of 6.2 meter

kapasitas maksimum mencapai 10.000 ton per tahun.

and maximum annual capacity of 10,000 tons. Due

Dikarenakan letaknya yang strategis dekat dengan

to its strategic location near China’s main tobacco

pabrikan-pabrikan tembakau utama Cina, 100% dari

manufacturers, 100% of YKFI’s capacity is dedicated to

kapasitas YKFI didedikasikan untuk pembuatan film

produce tobacco film.

Riwayat Perseoran

Note of Incorporation

Perseroan didirikan dengan nama PT Indopoly Swakarsa Industry berdasarkan Akta Pendirian No. 114 tanggal 24 Maret 1995 di hadapan Benny Kristianto, S.H., Notaris di Jakarta yang kemudian diperbaiki dengan Akta No. 214 tanggal 26 Oktober 1995 dari notaris yang sama. Akta Pendirian berikut perubahannya telah memperoleh pengesahan dari Menteri Kehakiman Republik Indonesia berdasarkan surat keputusan No. C216943.HT.01.01.TH.95 tanggal 22 Desember 1995.

The Company was established under the name of PT Indopoly Swakarsa Industry based on Articles of Association No. 114 dated 24 March 1995 in the presence of Benny Kristianto, S.H., Notary in Jakarta, that was subsequently amended with Articles of Association No. 214 dated 26 October 1995 from the same Notary. The Articles of Association and their amendment have received the validation of the Justice Minister of the Republic of Indonesia pursuant to decision letter No. C2-16943.HT.01.01.TH.95 dated 22 December 1995.

Anggaran Dasar Perseroan telah mengalami beberapa kali perubahan, yaitu dengan Akta Notaris No. 22 tanggal 9 Juli 2010 di hadapan Popie Savitri Martosuhardjo, S.H., Notaris di Jakarta sehubungan dengan penawaran umum terbatas Perseroan, di mana telah mendapat persetujuan Menteri Hukum dan HAM Republik Indonesia berdasarkan keputusan No. AHU-0058369.AH.01.09. Tahun 2010 tanggal 4 Agustus 2010. Anggaran dasar Perseroan terakhir kali dengan Akta Notaris No. 90 tanggal 25 Juni 2012 dan telah diterima dan dicatat dalam Menteri Hukum dan HAM Republik Indonesia berdasarkan surat No. AHU-AH.01.10-23540 dan AHU-AH.01.10-23541 tanggal 28 Juni 2012.

The Company’s Articles of Association have been amended several times thereafter, through Notarial Deed No. 22 dated 9 July 2010 in the presence of Popie Savitri Martosuhardjo, S.H., Notary in Jakarta, in connection with the rights issue of the Company, which has received the approval of the Minister of Justice and Human Rights of the Republic of Indonesia based on the decision letter No. AHU-0058369.AH.01.09. of 2010 dated 4 August 2010. The Company’s Articles of Association was last amended with Notarial Deed No. 90 dated 25 June 2012 and has been noted by the Minister of Justice and Human Rights of the Republic of Indonesia based on decision letter No. AHU-AH.01.10-23540 and AHU-AH.01.10-23541 dated 28 June 2012.


rokok. Suzhou Kunlene Film Industries Co. Ltd. (SKFI)

Suzhou Kunlene Film Industries Co. Ltd. (SKFI)

SKFI didirikan pada tanggal 23 Desember 2001

SKFI was incorporated on 23 December 2001 under

berdasarkan hukum Republik Rakyat Cina, berlokasi

the laws of the People’s Republic of China, located

di Suzhou Industrial Park di kota Suzhou, provinsi

in the Suzhou Industrial Park in the city of Suzhou,

Jiangsu. Pabrik SKFI diresmikan di bulan Oktober

Jiangsu province. The SKFI Plant was commissioned in

2003 di atas lahan seluas 9,5 hektar. Pabrikan ini

October 2003 and today operates on a 9.5 hectare site.

mengoperasikan lini tunggal mesin Brückner pembuat

It operates a single line Bruckner film-making machine

film selebar 8,2 meter dengan kapasitas maksimum

of 8.2 meter width, with maximum annual capacity of

mencapai 25.000 ton per tahun.

25,000 tons.

SKFI memproduksi produk-produk berkualitas tinggi

SKFI produces special high-end film products using

menggunakan teknologi terkini dan terdepan dari

advanced, state-of-the-art technology from Germany.

Jerman. Produk-produk berkualitas tinggi ini digunakan

These high-end film products are mainly used in

dalam aplikasi kemasan terbaru untuk industri

newer packaging applications in the agriculture and

pertanian, farmasi maupun aplikasi kemasan baru

pharmaceutical industries as well as various other

lainnya.

advanced packaging applications.


Operational Overview 32 Laporan Tahunan 2012

The right combination of solid management team, state-of-the-art machineries and innovative work culture has made Indopoly one of the largest flexible packaging manufacturers in Southeast Asia.


Produk si Production

menggunak an teknologi terbaik di kel asnya dan mengoptimalk an k apasitas produk si untuk menghasilk an produk flexible pack aging berkualitas.

Utilizing the best-in-class technology and optimizing production capacity for high-end flexible packaging products.

Teknologi

Technology

Indopoly senantiasa memberi penekanan terhadap

Indopoly has always placed strong emphasis in

pentingnya investasi pada teknologi termutakhir

investing only the best-in-class technologies and

di kelasnya dan tim manajemen yang kompeten guna

a competent management team to satisfy market

memenuhi kebutuhan pelanggan akan produk flexible

demand for premium quality packaging films. This

packaging film berkualitas. Filosofi ini memungkinkan

philosophy has enabled Indopoly to produce films

Indopoly untuk memproduksi film-film yang bernilai

that add value for Indopoly’s customers, and position

lebih bagi para pelanggan, serta menempatkan

Indopoly as the manufacturer of choice for high-end

Indopoly sebagai produsen pilihan bagi produk-produk

packaging films.

flexible packaging film bermutu tinggi. Manajemen Perseroan selalu antusias untuk

The Company’s management team is always optimistic

berinvestasi pada mesin-mesin yang lebih baik dan

to invest in better and faster machineries with greater

cepat dengan keterpaduan yang lebih tinggi. Saat ini

integration. Today, we are operating four BOPP

Perseroan mengoperasikan empat mesin BOPP, satu

machines, one BOPET machine, two metalizing

mesin BOPET, dua mesin metalizing, dan satu mesin

machines and one thermal extrusion coating unit.

thermal extrusion coating.


Dengan investasi ini, Indopoly mampu memproduksi

With these investments, Indopoly is able to produce

berbagai jenis film BOPP dan BOPET untuk aplikasi

a wide variety of BOPP and BOPET films for various

yang berbeda. Ini dapat dicapai dengan kombinasi dari

applications. These were achieved with a combination

mesin-mesin berteknologi mutakhir, teknik produksi

of the high tech machineries, skilled production

yang tinggi, formulasi di dalam pabrik sendiri serta

techniques, in-house formulation and competent

kompetensi karyawan di tingkat produksi.

personnels at the production stage.


Produksi Production

Produk

Produc ts

Keseluruhan mesin dirancang oleh Brückner dari

All machines are designed by Brückner of Germany,

Jerman, salah satu pemasok lini produksi stretch film

one of the world’s leading manufacturers of stretched

Lini produksi Biaxially-Oriented Polyester (BOPET)

The BOPET (Biaxially-Oriented Polyester) machine

terkemuka dunia, sedangkan peralatan pendukung

film production lines; while auxiliary machineries

yang dioperasikan secara komersial pada pertengahan

which was commenced in mid of 2011 is now in full

dibuat oleh Atlas dari Inggris. Perseroan terus

are made by Atlas of England and applied materials.

tahun 2011 saat ini telah beroperasi penuh. Lini

production. This machine complements our existing

menambah kapasitas instalasi di ketiga pabriknya

Indopoly has gradually increased the total installed

produksi tersebut melengkapi lini produksi Biaxially-

Biaxially-Oriented Polypropylene (BOPP) machines

secara bertahap dalam tiga tahun terakhir:

capacity of its three facilities during the past three

Oriented Polypropylene (BOPP) secara kolektif

and brings our collective installed capacity to reach

meningkatkan volume total kapasitas terpasang

100,000 tons per annum.

years:

menjadi 100.000 ton per tahun. Kombinasi dari kapasitas produksi film BOPP dan

With combined BOPET and BOPP film production

BOPET saat ini meningkatkan kemampuan Indopoly

capacities, Indopoly is now able to serve a broader

menghasilkan produk-produk yang lebih beragam

range of products for national as well as multinational

untuk para pelanggan domestik maupun multinasional

companies across globe. The implementation of

di berbagai penjuru dunia. Pengimplementasian

advanced production lines, opens great opportunity for

lini produksi yang canggih, memberikan peluang

the Company to produce a variety of high quality films

bagi Perseroan mengembangkan kapasitas untuk

ranging from as thin as 12µ films for thermal lamination

memproduksi film berkualitas tinggi yang beragam

to 50µ films for high barrier fine food packaging with

mulai dari film setipis 12µ untuk aplikasi thermal

different physical and technical characteristics. These

lamination hingga film setebal 50µ sebagai bahan

films have multiple applications including but not

pelindung kemasan makanan dengan fisik maupun teknis lapisan yang berbeda-beda. Berbagai produk

Pabrik/Factories

2010

2011

2012

Purwakarta, Indonesia

45,000

65,000

65,000

Suzhou, China

25,000

25,000

25,000

Kunming, China

10,000

10,000

10,000

TOTAL

80,000

100,000

100,000

Bahan Baku

R aw Materials

limited to packaging materials for food and non-food

Bahan baku utama yang digunakan untuk memproduksi

The main raw materials used in the production of BOPP

products.

film BOPP terdiri dari Polypropylene Homopolymer,

films are Homopolymer, Copolymer as well as special

film ini memiliki banyak aplikasi yang termasuk namun

Propylene Copolymer/Terpolymer serta zat aditif

additives; whereas the main raw materials used in the

tidak terbatas pada bahan-bahan kemasan untuk

khusus; sedangkan bahan baku utama untuk produksi

production of BOPET films are Polyesther Chips and

produk makanan maupun non makanan.

film BOPET adalah Polyester Chip dan zat aditif.

additives. These raw materials are derivative products

Keseluruhan bahan baku tersebut merupakan produk

of crude oil and natural gas. Consequently, changes in

turunan dari produk minyak bumi dan gas alam. Oleh

the market price of oil and gas have direct bearings on

karenanya, perubahan pada harga minyak maupun

the price of these raw materials, aside from changes

Fasilitas dan K apasitas Produk si

Produc tion Facilities and Capacities

gas memiliki dampak langsung terhadap harga-harga

in the global supply-and-demand of the raw materials

Saat ini, Perseroan mengoperasikan tiga fasilitas

Indopoly now operates a total of three production

bahan baku tersebut selain perubahan yang terjadi

themselves.

produksi di Indonesia dan Cina. Dua fasilitas produksi

facilities located in Indonesia and China. The first two

pada permintaan dan pasokan global bahan baku itu

pertama, masing-masing beroperasi di Purwakarta,

facilities were constructed in Purwakarta, Indonesia

sendiri.

Indonesia, dan Kunming, Cina, telah beroperasi sejak

and Kunming, China, and both commenced operations

tahun 1996. Sedangkan fasilitas produksi ketiga yang

in 1996. The third facility is located in Suzhou, China,

Untuk mengurangi risiko fluktuasi harga serta

In order to mitigate the risk of market price volatility

berlokasi di Suzhou, Cina, mulai beroperasi pada

and began operations in 2003.

kelangkaan bahan baku, Indopoly memiliki kebijakan

as well as raw materials shortage, Indopoly makes

untuk membeli bahan baku dari berbagai pemasok di

a policy to source its raw materials from different

tahun 2003.

seluruh dunia. Dengan demikian, Indopoly memiliki

suppliers around the world. In doing so, Indopoly has

Sejalan dengan filosofi Perseroan, ketiga fasilitas

Consistent with the Company’s philosophy, these

fleksibilitas untuk membeli dengan harga dan kualitas

the flexibility to procure for the best price and quality

tersebut dilengkapi dengan mesin-mesin berteknologi

three facilities are well equipped with state-of-the-art

terbaik serta pemasok bahan baku yang terjamin.

with a guaranteed supply sources.

mutakhir yang mampu memproduksi film dengan

machineries with the ability to produce up to 8.2 meter

tingkat kelebaran hingga 8,2 meter.

wide films.



Produksi Production

Efisiensi Produk si

Produc tion Efficienc y

Pelestarian Lingkungan

Environment Sustainabilit y

Dengan tiga pabrik yang berlokasi di Cina dan

With three factories in China and Indonesia, Indopoly

Indopoly sangat berkomitmen untuk menciptakan

Indopoly is deeply committed in creating environmental

Indonesia, Indopoly menikmati manfaat dari sinergi

enjoys the benefits of operational synergies to optimize

kelestarian lingkungan hidup yang berkelanjutan. Salah

sustainability. One way is to look at the Company’s own

operasional untuk mengoptimalkan marjin produksi

production margins across the three facilities in

satu cara adalah dengan melihat ke proses produksi

production processes. Each of the BOPP or BOPET

di antara ketiga pabriknya di kedua negara tersebut.

two countries. Lessons learned in one country can

Perseroan itu sendiri. Masing-masing proses produksi

film production process involves an extrusion process

Pelajaran yang diperoleh di satu negara dapat dengan

be easily shared and compared with those of the

film BOPP atau BOPET merupakan proses ekstrusi

that does not produce metal or chemical residues.

mudah dibagi dan dibandingkan dengan pengalaman

other country in order to maximize productivity and

yang tidak menghasilkan limbah metal atau kimia.

di negara yang lain dalam rangka memaksimalkan

efficiency. This remains as part of a broader production

produktifitas maupun efisiensi. Semua ini merupakan

efficiency drive to optimize resources, minimize

Proses ini secara fisik mengubah biji-biji plastik

The process physically transforms plastic resins to

bagian dari pendorong efisiensi produksi untuk

downtime and reduce the cost of production - while

menjadi lembaran-lembaran plastik dengan cara

film sheets by stretching the resins in two different

optimalisasi sumber daya, minimalisasi downtime dan

also benefitting from more a flexible distribution system

memanaskan lalu menarik dan merenggangkan

directions. As such, any solid wastes incurred from the

penekanan biaya produksi serta mengambil manfaat

that can deliver products to a markets through the

(stretching) biji-biji plastik tersebut ke dua arah

process are regranulated and recycled. It is therefore

dari adanya sistem distribusi yang fleksibel sehingga

shortest routes.

yang berbeda. Selain itu, segala limbah padat

possible, with a truly innovative technology, to make

memungkinkan pengiriman produk melalui jarak

yang dihasilkan dari proses ini dapat diregranulasi

our production a nearly zero-waste process.

tempuh terpendek.

dan didaur ulang. Maka dari itu, dengan teknologi yang sungguh inovatif, sangat dimungkinkan untuk menjadikan keseluruhan proses produksi Perseroan sebagai proses tanpa limbah.

Pembel anja an Modal

Capital Expenditure

Pada tahun 2012, Perseroan melakukan instalasi

In 2012, the Company installed the second metalizing

unit mesin metalizing kedua. Unit mesin ini berfungsi

unit. This unit acts as a value-added machine to

sebagai pemberi nilai tambah untuk hasil produk

enhance barrier characteristics on special BOPP

lembaran film BOPP dan BOPET yang berkarakter

and BOPET films. Furthermore, to support a

khusus. Selanjutnya, guna memenuhi permintaan

growing demand, the Company has also installed an

yang terus meningkat, Perseroan juga telah

additional slitting unit to increase production efficiency.

melakukan instalasi unit tambahan mesin slitting

The Company is committed to grow by investing in

dalam upaya meningkatkan efisiensi produksinya.

newer and more advanced machinery to serve its

Indopoly berkomitmen untuk selalu bertumbuh melalui

global market demand.

peningkatan investasi pada mesin-mesin baru dan berteknologi tinggi untuk melayani permintaan pasar global.



Kiner ja Pemasar an Marketing and Sales Overview

Indopoly percaya bahwa kepuasan pelanggan

Indopoly believes that customer satisfaction is key to

adalah kunci untuk meraih pertumbuhan yang

achieving a long term sustainable growth. Company’s

berkesinambungan. Filosofi Perseroan yang berpihak

customer-driven philosophy is one of the factors that

pada pelanggan adalah salah satu faktor yang

separate us from our competitors. We constantly work

membedakan kami dari kompetitor. Kami secara terus

with our customers to improve our infrastructures

menerus bekerja sama dengan pelanggan dalam upaya

and tailored product offerings in order to meet their

mengembangkan infrastruktur Perseroan dan selalu

demands.

menawarkan produk yang dapat memenuhi kebutuhan pelanggan.

Strategi marketing Indopoly selalu dititikberatkan pada

Indopoly’s marketing strategy has always been focused

upaya menargetkan segmen industri dan pelanggan

on targeting customers and industry segments that

yang membutuhkan produk film dengan spesifikasi

require film products with high specifications. The

yang tinggi. Perseroan menempatkan posisinya untuk

Company continues to stay ahead of our competitors

selalu berada di depan para pesaing dengan cara

by consistently developing and selling new film

meningkatkan teknologi produksi untuk menghasilkan

products with higher technical barriers.

produk-produk dengan tingkat kesulitan yang tinggi secara konsisten. Selain penambahan mesin ekstrusi untuk laminasi

In addition to an extrusion coating unit for thermal

termal, Indopoly juga melakukan penambahan dua

lamination, Indopoly has also added two metalizing

lini metalized film, membuat Perseroan mampu

lines which allowed us to further produce value-

menghasilkan produk bernilai lebih untuk melayani

added product varieties to serve the high-end market.

kebutuhan pasar kelas atas. Meningkatnya efisiensi

Increased efficiency and improved manufacturing

dan berkembangnya infrastruktur pada pabrik

infrastructure have also contributed to our growth this

Perseroan juga memberi kontribusi berarti pada

year. The success of our strategy was reflected in our

pertumbuhan tahun ini. Keberhasilan akan strategi

increased sales performance, Indopoly’s net sales

kami tersebut tercermin pada peningkatan kinerja

grew from USD 207 million in 2011 to 227 million in

penjualan, yang meningkat dari USD 207 juta di tahun

2012.

2011 menjadi USD 227 juta di tahun 2012.


Strategi yang digariskan oleh Indopoly, yaitu

Indopoly’s corporate strategy of horizontal

diversifikasi horisontal, integrasi vertikal, dan

diversification, vertical integration and globalization

globalisasi telah memberikan landasan yang kuat bagi

has kept the Company in good shape and laid a strong

Perseroan untuk pertumbuhan di masa mendatang.

foundation for future growth. The strategic locations in

Lokasi yang strategis di Indonesia dan Cina dapat

Indonesia and China can help Indopoly mitigate any

membantu Perseroan mengurangi dampak dari gejolak

global turmoil that might affect our customers.

pasar global yang dapat mempengaruhi konsumen Perseroan. Selain itu, tim pemasaran Indopoly secara

In addition, our marketing team continuously expands

berkelanjutan telah memperluas pangsa pasar dengan

our market reach by introducing our products to

memperkenalkan produk-produk kami di pasar

emerging markets such as South America, South Africa

berkembang di Amerika Selatan, Afrika Selatan dan

and Cambodia, while also focusing on more

Kamboja, sambil terus memusatkan perhatian pada

high-end markets such as Japan. Together with our

pasar produk high-end seperti Jepang. Bersama

Research and Development team, we are developing

dengan tim Penelitian dan Pengembangan, Indopoly

new film variants for various applications.

saat ini sedang mengembangkan varian film terbaru untuk berbagai aplikasi penggunaan. Indopoly berkeyakinan bahwa upaya perluasan

Indopoly is confident that our expanding global reach,

jangkauan pasar global, pengembangan produk-produk

new product developments, as well as our strong

baru, serta kemampuan sumber daya manusia yang

human resources skills will allow us to achieve

memadai akan mendukung proses pertumbuhan yang

a continuous, sustainable growth for many years

berkesinambungan untuk tahun-tahun mendatang.

to come.


Penelitian dan Pengembangan Research and Development

inovasi memaink an per anan penting dal am upaya perseroan menghasik an produk premium bagi pel anggan.

Innovation plays integral part in driving the Company to produce premium products that cater customer’s demands.

Jaminan Kualitas

Qualit y Assur ance

Indopoly mengadopsi standar kualitas yang ketat

Indopoly adopts stringent quality standards across

dalam keseluruhan proses manufaktur. Perseroan juga

the full manufacturing spectrum. The Company

selalu berusaha untuk meningkatan tingkat standar

continuously strives to upgrade our quality assurance

kualitas produk-produk Indopoly dengan memastikan

practices by ensuring and maintaining the high quality

semua proses pembuatan film dipantau oleh tim

standards of our products. Indopoly makes sure that

Quality Assurance yang terlatih, mulai dari bahan baku

all film-making processes, starting from raw materials

hingga produk akhir.

to the finish goods, are monitored by our well-trained Quality Assurance (QA) personnel.

Pengambilan sampel dan pemantauan dilaksanakan

Sampling and monitoring begin with the raw materials

secara berkala dimulai dari inspeksi bahan baku yang

inspection, in which the melt flow index is constantly

digunakan, di mana indeks aliran lelehan dianalisa

inspected during the incoming stage, and at the

secara kontinu pada penerimaan bahan baku dan

storage warehouse. Subsequently, throughout the

saat berada di gudang penyimpanan. Pemantauan

material mixing, extrusion (melt casting), and biaxial

lebih lanjut dilakukan sepanjang proses pencampuran

stretching, the film property is tested - for both the

bahan, ekstrusi (cetak leleh) dan penarikan secara dua

intermediate rolls and finished goods - for consistency

arah, di mana semua sifat film akan diuji konsistensi

in their physical, chemical, and visual properties. Our

secara fisik, bahan maupun penampakannya, baik

QA team adheres to the testing procedures of the

dalam bentuk rol setengah jadi maupun bentuk produk

American Standard Testing Methods (ASTM) as well

akhir. Tim Quality Assurance Indopoly selalu mematuhi

as other international standards.

prosedur-prosedur analisis sesuai standar American Standard Testing Methods (ASTM) dan juga dari standar internasional lainnya.



Penelitian dan Pengembangan Research and Development

Hal ini dilakukan untuk memastikan bahwa kualitas

This will ensure that the product quality meets the

Di tahun 2012, Indopoly masih terus memutakhirkan

In 2012, Indopoly continue to enhance our laboratory

produk Indopoly memenuhi bahkan melampaui kriteria

customer needs.

laboratoriumnya dengan menambahkan dan

capabilities by adding and upgrading several new

meningkatkan beberapa alat berteknologi tinggi

high-tech instruments to support the evaluation of

untuk mendukung evaluasi pengembangan produk-

new product development, which is an instrument to

kualitas yang ditetapkan pelanggan. Perseroan memiliki sertifikat ISO 9001:2008 dan

The Company is certified for ISO 9001:2008, while our

produk baru, diantaranya instrumen untuk mengukur

measure Moisture Vapor Transmission Rate (MVTR)

produknya juga telah tersertifikasi dari American

products are also certified by the American Institute

Laju Transmisi Uap Air (MVTR) dan Laju Transmisi

and Oxygen Transmission Rate (O2TR) of our new

Institute of Baking (AIB). Sertifikat AIB ini

of Baking (AIB). The AIB certification allows the use

Gas Oksigen (O2TR) dari produk-produk high-barrier

high-barrier metalized film products.

memperkenankan penggunaan produk-produk

of Indopoly’s products for food in the United States of

metalized film.

Indopoly untuk digunakan sebagai kemasan

America.

makanan di Amerika Serikat.

Selain itu, Indopoly memiliki mesin uji degradasi

Furthermore, our weathering test machine can be used

yang dapat digunakan untuk mensimulasikan

to simulate the degradation of oxo-biodegradable films.

penguraian film oxo-biodegradable. Evaluasi yang

Months of evaluation time can be simulated by only few

Inovasi

Innovation

biasanya menghabiskan waktu berbulan-bulan dapat

days in this weathering test machine, thereby allowing

Tim Pengembangan dan Penelitian Indopoly memiliki

Our Research and Development team plays an integral

disimulasikan dalam beberapa hari dengan mesin

the Company a shorter time into market.

peran yang siginifikan dan tidak terpisahkan terkait

part in driving product innovation and customer

terbaru ini.

dengan inovasi produk dan kepuasan pelanggan.

satisfaction. The Company focuses on delivering

Perseroan memusatkan perhatian pada produk-produk

tailored products to increase customer’s efficiency

rancangan khusus untuk meningkatkan efisiensi

and create new needs for a more economical yet eco-

pelanggan dan menciptakan kebutuhan baru akan

friendly product. This team continues to strive for better

produk yang lebih ekonomis namun ramah lingkungan.

product quality with higher cost efficiency without

Tim ini akan terus berusaha untuk menghasilkan

sacrificing quality.

produk-produk dengan kualitas dan efisiensi biaya yang lebih baik tanpa mengorbankan standar kualitas dari produk itu sendiri.



Sumber Daya Manusia Human Resources

Pada tahun 2012, Indopoly terus mengembangkan

In 2012, Indopoly has continued to develop our human

sumber daya manusia yang dimilikinya berdasarkan

resources based on competency level through an

tingkatan kompetensi melalui pendekatan yang

integrated approach, from the recruitment phase to

terintegrasi, mulai dari tahapan perekrutan hingga

career development, assistance and retention stages.

pengembangan karir, bimbingan dan penempatan.

Indopoly focused on the development of three aspects

Indopoly berfokus pada pembangunan tiga aspek,

namely talent management system development,

yakni manajemen sistem pengembangan bakat,

industry-related development and improvement as well

pengembangan dan penyempurnaan industri terkait,

as internal communication.

dan juga komunikasi internal. Bagi Indopoly, tahun 2012 adalah tahun “percepatan-

For Indopoly, 2012 was the year of “accelerated-

pengembangan”. Banyak strategi sinergis yang

improvement”. Numerous synergistic strategies

diimplementasikan oleh seluruh tingkatan pegawai

implemented by every departments across the entire

di setiap departemen telah berhasil meningkatkan

staff levels within the Company has been successful

produktivitas yang mendukung visi Perseroan.

in boosting productivity that supports the Company’s vision.

Indopoly menyadari bahwa sumber daya manusia

Indopoly is aware that human resources play a pivotal

memainkan peranan vital dalam memacu daya saing

role to boost the competitive edge of the Company,

Perseroan, baik untuk saat ini maupun di masa yang

both in the present and future. It is the concern of

akan datang. Hal ini menjadi perhatian semua pihak

various parties that Indopoly puts human resources

bahwa Indopoly menempatkan pengembangan sumber

development among its top priorities.

daya manusia sebagai salah satu prioritas yang utama. Pengembangan dari sistem manajemen bakat

The development of talent management system was

bertujuan untuk menangkap kemampuan dan

aimed to capture the capability and competency of our

kompetensi dari sumber daya manusia yang

human resources while at the same time re-designed

ada dan pada saat yang sama merancang ulang

the training and assistance system. We also focus

sistem pelatihan dan pembinaan. Kami juga fokus

on improving communication with the labor union,

pada peningkatan komunikasi dengan serikat

providing more channels to allow better communication

buruh, menyediakan jalur yang lebih banyak untuk

dissemination regarding regulation and policies by the

menyebarluaskan komunikasi tentang peraturan dan

Company.

kebijakan Perseroan. Indopoly secara konsisten menempatkan karyawan

Indopoly consistently puts highy-potential individuals

yang berpotensi tinggi pada jalur percepatan jenjang

on a fast career track. We nurture these individuals

karir. Kami membekali karyawan tersebut dengan

with multicultural business leadership skills to

keterampilan memimpin bisnis multikultural untuk

familiarize them with global technology development.

membiasakan mereka dengan perkembangan teknologi

This is part of the Company’s global strategy in

global. Ini adalah bagian dari strategi global Perseroan,

vertical integration, horizontal diversification as well as

yakni integrasi vertikal, diversifikasi horisontal, dan

globalization.

juga globalisasi.



Sumber Daya Manusia Human Resources

Semuanya bertujuan untuk memotivasi karyawan,

These are aimed to motivate employees, especially

khususnya yang memiliki bakat dan kinerja yang

those with talents and excellent performance. Through

memuaskan. Melalui proses pengembangan karir yang

intensive professional career development by the

profesional dan berkelanjutan di bagian Sumber Daya

Human Resources department, we can accelerate the

Manusia, kami dapat mempercepat proses penciptaan

process to create world-class human resources. The

sumber daya manusia kelas dunia. Tahun 2013 akan

year 2013 will be a quantum leap for strong competitive

menjadi lompatan besar untuk pembentukan sumber

edge in human resources that will boost the Company

daya manusia yang berdaya saing tinggi, sehingga

to achieve sustainable growth in this free-market era.

dapat memacu Perseroan mencapai pertumbuhan berkelanjutan di era pasar bebas.

Dengan menggunakan fasilitas produksi di Indonesia

Using production facilities in Indonesia and China,

dan Cina, Indopoly terus mendorong karyawan

Indopoly continues to encourage the staffs in both

di kedua negara untuk melakukan pertukaran

countries to exchange skills and best practices. This

keterampilan dan praktek kerja. Pengaturan seperti

arrangement strengthens Indopoly’s position as one

ini memperkuat posisi Indopoly sebagai salah satu

of the leader in the market and business development.

pemimpin pasar dan pengembangan bisnisnya.

All programs are purposefully set to serve as strong

Seluruh program ini dirancang sebagai pendukung

foundation for Indopoly to manage its human resource

landasan yang kokoh bagi Indopoly untuk sepenuhnya

to the fullest.

mengelola sumber daya manusia yang ada.

Kesehatan, Keselamatan dan Pengelolaan Lingkungan

Health, Safety and Environmental Management (HSE)

Indopoly berkomitmen penuh dalam menjaga

Indopoly commits to maintain the health and safety

kesehatan dan keselamatan kerja serta pengendalian

as well as the prevention of environmental pollution in

polusi udara sesuai dengan peraturan yang telah

accordance with the regulations set by the government.

ditetapkan oleh pemerintah. Untuk itu Perseroan

This is done through HSE policy set by the Company

menetapkan kebijakan Kesehatan, Keselamatan

and all related parties responsible to implement and

dan Pengelolaan Lingkungan (Health, Safety and

promote a healthy and safe work environment.

Environmental Management/HSE) dan semua pihak terkait diwajibkan bertanggung jawab melaksanakan

Visi Tahun 2013

The 2013 Vision

Perjalanan untuk mewujudkan visi Indopoly; bertumbuh

The journey to realize Indopoly’s vision, to grow and

dan memberikan yang terbaik kepada pelanggan,

deliver the best to its customers, face many challenges

menghadapi banyak tantangan di pasar global.

in the global market. To maintain its position, Indopoly

Untuk terus mempertahankan posisinya, Indopoly

will equip its human capital with competitive edge to

akan melengkapi sumber daya manusianya dengan

face the ever-changing global market. Going forward,

keunggulan kompetitif dalam menghadapi pasar

the Company will seek synergistic methods to boost

global yang selalu berubah. Kedepannya, Perseroan

productivity and focus on the establishment and

akan mencari metode yang sinergis untuk memacu

protection of corporate values.

produktivitas dan berfokus pada pembentukan dan perlindungan atas nilai-nilai perusahaan. Pembentukan nilai-nilai perusahaan bersandar

The establishment of corporate values lies in

pada pengembangan kepemimpinan multikultural,

the development of multicultural leadership,

teknologi terbaru, dan juga pengembangan etos

up-to-date technology as well as work ethic

kerja. Sementara itu, proses perlindungan nilai-

development. Meanwhile, the values protection

nilai perusahaan diimplementasikan melalui

process is implemented through performance

penilaian kinerja, penghargaan, fasilitas kerja dan

appraisal, rewarding, work facilities and future

pengembangan karir di masa depan.

career development.

dan mendukung lingkungan kerja yang sehat dan aman. Tahun 2012 merupakan tahun yang baik bagi tim

The year 2012 was a good year for Indopoly HSE

manajemen HSE Indopoly. Perseroan membukukan

management. We recorded 1,482,997 work hours

1.482.997 jam kerja tanpa kecelakaan, sehingga

without any accidents, hence reducing the number

menurunkan jumlah kecelakaan yang menyebabkan

of accidents causing lost workdays to only 1.35 days

hilangnya hari kerja menjadi hanya 1,35 hari untuk

for each 1,000,000 hours worked. The Company also

setiap 1.000.000 jam kerja. Perseroan juga sukses

successfully attained OHSAS 18001:2007 certificate

meraih sertifikat OHSAS 18001:2007 untuk sistem

for HSE management system, recognition to

pengelolaan HSE, diberikan bagi perusahaan yang

a company that consistently controls health and

secara konsisten memantau isu kesehatan dan

safety concerns, reduces risks of accident, and

keselamatan kerja, mengurangi risiko kecelakaan dan

aids legislative to comply with overall performance

memberi dukungan kepada manajemen dalam program

improvement planning.

peningkatan kinerja secara menyeluruh. Indopoly menitikberatkan pada tiga fokus utama

Indopoly focused on three major HSE systems that

sistem HSE yang meliputi program pencegahan

include workplace accident prevention program,

kecelakaan di tempat kerja, pencegahan penyakit

disease on workplace prevention program, and

menular di lokasi kerja, dan pencegahan polusi

environmental pollution prevention program. Through

udara. Melalui implementasi pengelolaan HSE yang

a high standard of HSE workplace management, the

ketat di lingkungan kerja, Perseroan memastikan

Company stands firm to minimize the risk of accident at

risiko kecelakaan yang minimal pada seluruh jenjang

all operational level.

operasional.



Tanggung Jawab Sosial Perusaha an Corporate Social Responsibility

Tanggung Jawab Sosial Perusaha an

CORPORATE SOCIAL RESPONSIBILITY

Indopoly berkomitmen untuk menjalankan program-

Indopoly is committed to implement its Corporate

program Tanggung Jawab Sosial Perusahaan

Social Responsibility (CSR) programs, which focuses

(CSR) yang difokuskan pada program pendidikan

on education and environmental sustainability at its

dan pelestarian lingkungan di wilayah operasional

operational areas.

Perseroan. Pada tahun 2012, Perseroan melaksanakan berbagai

In 2012, the Company has implemented a number

kegiatan CSR, seperti pengelolaan sampah bersama

of CSR activities, including community waste

masyakarat, penanaman pohon hingga pemberian

management, tree planting and merit-based

program beasiswa bagi pelajar berprestasi di sekolah

scholarship program for selected public schools

dasar di Purwakarta.

in the Purwakarta area.

Mendukung Pendidikan Anak-Anak

Support Children Education

“Bersama Kita Peduli untuk Anak Negeri” adalah

“Bersama Kita Peduli untuk Anak Negeri” or

tema dari program pemberian beasiswa tahun 2012.

“Indonesian Children-We Care” is the theme of our

Indopoly menyediakan beasiswa bagi siswa-siswa

scholarship program in 2012. Indopoly has been

berprestasi di sekolah dasar yang tinggal di sekitar

providing merit-based scholarship for elementary

wilayah pabrik beroperasi di Purwakarta, Indonesia.

school children living within the vicinity of the Company’s operation area at Purwakarta, Indonesia.

Perseroan berkomitmen untuk menyediakan

The Company is committed to provide the much-

pendidikan yang sangat diperlukan oleh anak-anak

needed education for children to equip them for

dalam rangka mempersiapkan mereka menuju masa

a better future because we believe children are the

depan yang lebih baik, karena Perseroan percaya

cornerstone of the nation’s future. Moreover, the

anak-anak tersebut adalah landasan bagi masa depan

Company has been continually donating books to

negara. Selain itu, Perseoran telah dan akan terus

these schools.

menyumbangkan buku-buku untuk sekolah-sekolah.



Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility

Kegiatan sosial ini dilakukan bekerjasama dengan

This social activity was held in collaboration with the

Palang Merah Indonesia Cabang Purwakarta. Program

Indonesian Red Cross Chapter of Purwakarta. Our

donor darah berkala tersebut diharapkan mampu

donation is expected to increase the blood supply

meningkatkan jumlah ketersediaan darah sehingga

and meet the ideal figure of 2% from total population

dapat mencapai angka ideal yang telah ditetapkan

as stated by the World Health Organization. We have

Organisasi Kesehatan Dunia (WHO), yaitu minimal 2%

conducted blood donation practices three times

dari jumlah penduduk. Di tahun 2012, kegiatan donor

throughout 2012. This activity is intended to create

darah diselenggarakan Peseroan sebanyak tiga kali di

awareness and conscience from our employees to

mana dimaksudkan untuk menciptakan kesadaran dan

other people.

meningkatkan serta menstimulasi kepedulian karyawan kepada sesama.

Kepedulian Terhadap Lingkungan

Care for Environment

Pada tahun 2010, Indopoly telah menanam 2.000

In 2010, Indopoly planted 2,000 seedlings in Kamojing

pohon di desa Kamojing, Jawa Barat. Lalu pada tahun

village, West Java. Then, in 2011, the Company also

2011, Perseroan melakukan pemeliharaan tanaman

preserved those plants as well as donated waste bins

tersebut dan menyumbangkan tempat pembuangan

for main roads in Purwakarta. Continuing its CSR

sampah di sepanjang jalan protokol di Purwakarta.

programs, and in 2012, the Company has given its care

Melanjutkan program CSR di tahun sebelumnya, maka

for environmental sustainability programs.

di tahun 2012 ini, Perseroan kembali memberikan perhatian untuk kelestarian alam sekitar. Dalam rangka “Hari Menanam Pohon Indonesia”

At the “Indonesia Tree Planting Day” on 29 November

tanggal 29 November 2012, Peseroan turut

2012, PT Indopoly Swakarsa Industry Tbk. took part

berpartisipasi dalam acara yang diselenggarakan

in the commemoration organized by the West Java

oleh KPLH (Komite Peduli Lingkungan Hidup) Jawa

Committee for Care for Environment (KPLH) and

Barat bekerjasama dengan BLH (Badan Lingkungan

Environment Body (BLH) by donating mahogany trees

Hidup) Purwakarta dengan menyumbangkan pohon

to be planted in Purwakarta. The donation is part of the

Mahoni untuk ditanam di sekitar wilayah Purwakarta.

Company’s commitment to increase awareness for the

Sumbangan ini adalah bagian dari wujud komitmen

environment among local communities.

Perseroan untuk meningkatkan kepedulian dan peran serta masyarakat terhadap kelestarian lingkungan

Pemberdayaan Masyarakat Sekitar

Local Community Empowerment

Untuk menjalin hubungan baik sekaligus membantu

In an effort to establish good relationships as well as

meningkatkan taraf hidup masyarakat yang tinggal di

to improve the quality of life in communities residing

sekitar wilayah operasional pabrik di Purwakarta, Jawa

around the Company’s production plant in Purwakarta,

Barat, Indopoly melaksanakan program pemberdayaan

West Java, Indopoly is committed to empower them

masyarakat sekitar dalam berbagai kegiatannya, salah

through various activities, one of which is waste

satunya dengan terlibat dalam proses pengelolaan

management program. The program includes training

limbah. Program ini termasuk didalamnya melakukan

for local communities at Kamojing Village, Cikampek,

pelatihan kepada warga di desa Kamojing, Cikampek,

to utilize organic wastes that come from daily

untuk memanfaatkan limbah organik yang berasal dari

households’ activities and transform them into liquid

kegiatan rumah tangga sehari-hari untuk dijadikan

compost.

pupuk kompos cair. Petani lokal dapat membeli dan menggunakan

Local farmers can buy those composts to be used

pupuk kompos tersebut sebagai penyubur organik

as organic fertilizers at an economical price.

dengan harga yang ekonomis. Dengan melibatkan

Through involving local communities, the Company

masyarakat sekitar, Perseroan selalu berusaha untuk

is determined to preserve its sustainable relationship

terus menjaga hubungan baik yang telah terbina

with them. The Company will continue to engage on

sebelumnya. Perseroan juga terus melanjutkan

CSR programs as part of its contribution to the welfare

komitmennya untuk secara aktif terlibat dalam

of local communities and the preservation of the

program-program CSR di masa yang akan datang

environment.

sebagai bagian dari kontribusi Perseroan dalam

sekitar.

meningkatkan kesejahteraan masyarakat sekitar dan

Membantu Palang Merah Indonesia

Support for Indonesian Red Cross

Perseroan tidak pernah berhenti mendorong

The Company has never ceased to encourage the staff

karyawannya untuk terus berpartisipasi dalam berbagai

to take part in various social engagement, including

kegiatan sosial, termasuk aktif mengikuti program

blood donations regularly.

juga memelihara kelestarian lingkungan.

donor darah secara berkala.



Good Corporate Governance 54 Laporan Tahunan 2012

Well-kept machineries and adherence to protocols and standard operating procedures make Indopoly a wellmanaged company that faithfully comply and apply the principles of Good Corporate Governance.


Tata Kelol a Perusaha an Good Corporate Governance

Sebagai salah satu produsen premium flexible

As one of the leading manufacturers in premium

packaging terkemuka, Perseroan selalu

flexible packaging, the Company has always placed

menitikberatkan kepada penerapan praktik tata kelola

a strong emphasis on implementing good corporate

per seroan menek ank an

perusahaan yang telah ditentukan oleh Undang-

governance practices prescribed by Law Number 40

Undang Republik Indonesia Nomor 40 tahun 2007

year 2007 of the Republic of Indonesia on Limited

t r ansapar ansi, akun tabili ta s,

tentang Perseroan Terbatas, peraturan dan regulasi

Liability Companies, the listing rules and regulations

dari Bursa Efek Indonesia (BEI), serta Komite Nasional

of Indonesia Stock Exchange (IDX), the Indonesian

Kebijakan Governance, dan juga peraturan perundang-

National Code of Corporate Governance, as well as

undangan yang berlaku di Indonesia dan di negara lain

prevailing laws and regulations in Indonesia and other

di mana Perseroan beroperasi.

countries where the Company operates.

Pemegang saham, Dewan Komisaris, Direksi, kepala

Indopoly’s shareholders, Board of Commissioners,

departemen, dan seluruh staf Indopoly berkomitmen

Board of Directors, heads of departments, and staffs

penuh dalam menjalankan prinsip-prinsip tata kelola

are fully committed in observing the principles of

perusahaan pada seluruh aspek kegiatan usaha

good corporate governance in all aspects of the

Perseroan dengan mengedepankan prinsip-prinsip

Company’s business activities, which mandate

transparansi, akuntabilitas, pertanggungjawaban,

transparency, accountability, responsibility, fairness,

kewajaran, dan kemandirian.

and independence.

k e wa jar an, dan k emand ir ian pada seluruh d iv isi o per a si o nalnya .

We place a strong emphasis on transparency, accountability, fairness and independence in all of our operating division.

4. Pelimpahan wewenang kepada Dewan Komisaris

R apat Umum Pemegang Saham

Gener al Mee ting of Shareholders

4. Delegation of authority to the Board of

untuk menetapkan gaji dan tunjangan anggota

Commissioners to determine the salary and

Direksi dari 1 Januari 2012 sampai dengan

allowances of the members of the Board of

31 Desember 2012; dan penetapan honorarium dan

Directors from 1 January 2012 to 31 December

tunjangan bagi anggota Dewan Komisaris dari

2012; and determination of honorarium and

1 Januari 2012 sampai dengan 31 Desember 2012.

allowances for the members of the Board of

5. Laporan realisasi penggunaan dana hasil Di dalam Rapat Umum Pemegang Saham Tahunan

The shareholders, on its Annual General Meeting of

pada tanggal 21 Juni 2012, para pemegang saham

Shareholders (AGMS) on 21 June 2012, agreed on the

telah menyepakati hal-hal penting berikut ini:

following important corporate matters:

1. Persetujuan laporan tahunan Perseroan tahun 2011

1. Approval of the Company’s 2011 annual report, and

dan pengesahan laporan keuangan Perseroan yang telah diaudit untuk tahun yang berakhir pada 31 Desember 2011 dan laporan tugas pengawasan

and the report of the Board of Commissioners of its

dari Dewan Komisaris.

supervisory duties.

2. Persetujuan penggunaan laba bersih Perseroan 3. Penunjukan akuntan publik untuk melakukan audit

Luar Biasa pada tanggal 21 Juni 2012, para pemegang

Meeting of Shareholders on 21 June 2012, agreed on

saham menyepakati hal-hal penting berikut ini:

the following important corporate matters:

1. Persetujuan perubahan Pasal 13 ayat 1, pasal 14

1. Approval of the amendments of Article 13

3. Appointment of an independent public accountant

berakhir pada 31 Desember 2012 dan pelimpahan

for the year ended 31 December 2012, and

wewenang kepada Direksi Perseroan untuk

delegation of authority to the Board of Directors


Initial Public Offering in 2010.

Company for the year ended 31 December 2011,

for the audit of the Company’s financial statements

56

5. Report about the utilization of proceeds from the

ratification of the audited financial statements of the

income for the year ended 31 December 2011.

31 December 2012.

The shareholders, on its Extraordinary General

atas laporan keuangan Perseroan untuk tahun yang

menetapkan biaya jasa audit.

Commissioners from 1 January 2012 to

Sedangkan dalam Rapat Umum Pemegang Saham

2. Approval of the appropriation of the Company’s net

untuk tahun yang berakhir pada 31 Desember 2011.

penawaran umum perdana saham tahun 2010.

ayat 8b dan c, dan Pasal 15 ayat 6 Anggaran Dasar Perseroan. 2. Persetujuan perubahan susunan Direksi Perseroan.

paragraph 1, Article 14 paragraph 8b and c, and Article 15 paragraph 6 of the Articles of Association of the Company.

2. Approval of the amendments to the organization of the Board of Directors of the Company.

to determine fees for audit services.


Tata Kelola Perusahaan Good Corporate Governance

Dewan Komisaris

The Board of Commissioners

Presiden Direktur memimpin manajemen harian

The President Director leads the daily management of

Perseroan bersama-sama dengan Direktur

the Company together with the Operations Director,

Dewan Komisaris bertanggung jawab untuk

The Board of Commissioners is responsible to

Operasional, Direktur Keuangan, Direktur Komersial,

Finance Director, Commercial, Business Development

mengawasi kebijakan manajemen, pelaksanaan

supervise the Company’s management policies, the

Pengembangan Bisnis dan Operasi Internasional,

and International Operations Director, Research and

keputusan manajemen pada umumnya, baik mengenai

implementation of general management decision, either

Direktur Penelitian dan Pengembangan serta Direktur

Development Director, and Unaffiliated Director.

Perseroan atau bisnis Perseroan, dan memberikan

regarding the Company or its business, as well as

Tidak Terafiliasi.

saran independen kepada Direksi. Setiap anggota

provides independent advice to the Board of Directors.

Dewan Komisaris wajib melaksanakan tugasnya untuk

Each member of the Board of Commissioners must

Tanggung jawab utama Presiden Direktur adalah

The President Director is primarily responsible for

mengawasi dan memberikan nasihat kepada Direksi

exercise his/her supervising tasks and provide advice

memimpin, mengarahkan, mengkoordinasikan dan

leading, directing, coordinating and controlling the

dengan itikad baik, hati-hati dan bertanggung jawab

to the Board of Directors in good faith, prudently and

mengendalikan bisnis Perseroan terhadap sasaran,

Company’s business towards its stated goals, mission

dalam mengedepankan kepentingan terbaik Perseroan,

responsibly in the best interests of the Company, in

misi dan visi Perseroan. Presiden Direktur juga

and vision. The President Director also ensures that

sesuai dengan maksud dan tujuan Perseroan. Dewan

accordance with the Company’s goals and objectives.

memastikan bahwa kegiatan manajemen risiko

risk management activities are adequate and prudently

Komisaris tidak memiliki fungsi eksekutif sehubungan

The Board of Commissioners has no executive function

dilakukan secara memadai dan berhati-hati.

carried out.

dengan pengelolaan Perseroan.

with respect to the management of the Company. Direktur Operasional bertanggung jawab atas

The Operations Director is responsible for the daily management of the Company’s manufacturing,

Para pemegang saham, melalui Rapat Umum

The shareholders, through the Annual General

manajemen harian dari Perseroan di bidang

Pemegang Saham, dapat mendelegasikan kepada

Meeting Shareholders, may also delegate to the

manufaktur, teknik, pergudangan dan aktivitas sumber

engineering, warehousing and human resources

Dewan Komisaris kewenangan untuk menetapkan

Board of Commissioners the authority to determine

daya manusia.

activities.

remunerasi Dewan Komisaris dan Direksi. Jumlah

the remuneration of the Boards of Commissioners

remunerasi yang diterima oleh anggota Dewan

and Directors. The amount of remunerations received

Direktur Keuangan bertanggung jawab atas

The Finance Director is responsible for the daily

Komisaris dan Direksi pada tahun keuangan 2012

by the members of the Board of Commissioners and

manajemen arus kas harian Perseroan, pencarian

management of Company’s cash flows, sourcing and

Board of Directors in financial year 2012 are presented

sumber dan penggunaan dana, pengendalian biaya

utilization of funds, cost control, internal control, and

in a separate heading below.

dan internal, serta kegiatan akuntansi.

accounting activities.

As of 31 December 2012, the Board of Commissioners

Direktur Komersial, Pengembangan Bisnis dan Operasi

The Commercial, Business Development and

terdiri dari tiga anggota: Presiden Komisaris,

consists of three members: a President Commissioner,

Internasional bertanggung jawab atas manajemen

International Operations Director is responsible for the

Komisaris, dan Komisaris Independen. Profil para

a Commissioner, and an Independent Commissioner.

harian penjualan dan pemasaran, pembelian,

daily management of sales and marketing, purchasing,

Komisaris disajikan pada halaman 19 dari laporan

The profiles of each Commissioner are presented on

pengembangan kegiatan usaha, dan pengawasan

business development activities, and overseeing the

tahunan ini.

page 19 of this annual report.

operasional internasional Perseroan.

Company’s international operations.

Direk si

The Board of Direc tors

Direktur Penelitian dan Pengembangan bertanggung

The Research and Development Director is responsible

jawab untuk mengembangkan produk high-end film

for developing high-end film products that cater to the

Direksi memiliki tugas untuk melaksanakan

The Board of Directors has the duty to carry out

yang melayani kebutuhan pasar yang berkembang, dan

growing market needs, and ensures consistent quality

pengelolaan harian Perseroan dan bertanggung jawab

daily activities of the Company and is responsible for

memastikan kualitas yang konsisten dari setiap produk

of every film products produced by the Company.

untuk mewakili Perseroan ketika berhadapan dengan

representing the Company when dealing with third

film yang diproduksi oleh Perseroan.

pihak ketiga.

parties.

disajikan dalam bagian tersendiri di bawah ini.

Per tanggal 31 Desember 2012, Dewan Komisaris

Direktur Tidak Terafiliasi diangkat sesuai dengan

The Unaffiliated Director has been appointed pursuant to the regulations of the Indonesia Stock Exchange.

Setiap anggota Direksi harus bertindak dengan itikad

Each member of the Board of Directors must

peraturan Bursa Efek Indonesia. Direktur Tidak

baik untuk kepentingan terbaik Perseroan sesuai

act in good faith in the best interests of the Company in

Terafiliasi mengawasi Departemen Audit Internal

The Unaffiliated Director oversees Company’s

dengan maksud dan tujuan Perseroan.

accordance with the Company’s goals and objectives.

Perseroan dan berhubungan dengan Komite Audit.

Internal Audit Department, and liaises with the Audit

Per tanggal 31 Desember 2012, Direksi Indopoly terdiri

As of 31 December 2012, Indopoly’s Board of Directors

dari enam anggota, termasuk Presiden Direktur.

consists of six members, including the President Director.


Committee. Profil setiap anggota Direksi ditampilkan di halaman

The profiles of each Director are presented on page

24-25 dalam laporan tahunan ini.

24-25 of this annual report.



Komite Audit

Audit Commit tee

the Company, implementation of plans, operational and

Komite Audit dibentuk pada bulan Desember

The Audit Committee was established in December

dan keuangan, strategi, dan isu lainnya yang dianggap

financial performance, strategies, and other matters

2010 untuk membantu Dewan Komisaris dalam

2010 to assist the Board of Commissioners in its

penting.

deemed important.

melaksanakan tanggung jawabnya termasuk

oversight responsibilities, which include reviewing

Remuner asi Anggota Dewan KOMisaris dan Direk si

Remuner ation of the Boards of Commissioners and Direc tors

didalamnya meninjau reliabilitas informasi keuangan

the reliability of the Company’s financial information

Perseroan yang ditampilkan ke publik; efektivitas

issued to the public; effectiveness of internal control

sistem kontrol internal; kepatuhan terhadap peraturan

system; compliance with capital market rules and

dan kebijakan dan peraturan pasar modal serta

regulations and other laws and regulations relevant to

Direksi mengadakan rapat rutin untuk membicarakan

The Board of Directors hold regular meetings to

hal yang berhubungan dengan kegiatan Perseroan,

discuss range of issues relating to the operations of

pelaksanaan rencana, termasuk kinerja operasional

Remunerasi anggota Dewan Komisaris dan Direktur

The remuneration of the members of the Boards of

perundang-undangan lainnya yang berhubungan

the Company’s activities; risk management and internal

Perseroan telah ditetapkan oleh Dewan Komisaris

Commissioners and Directors had been determined

dengan kegiatan Perseroan; manajemen risiko dan

audit activities.

sesuai dengan mandat yang diberikan kepadanya oleh

by the Board of Commissioners in accordance with

aktivitas audit internal.

pemegang saham dalam Rapat Umum Pemegang

the mandate given to it by the Shareholders pursuant

Saham Tahunan tahun 2012. Total remunerasi bagi

to the resolution of the 2012 Annual General Meeting

Anggota Komite Audit Indopoly pada tahun yang

The following members comprised Indopoly’s

Komisaris dan Direksi untuk tahun yang berakhir pada

of Shareholders. The total remuneration of the

berakhir pada 31 Desember 2012 adalah sebagai

Committee Audit during the year ended December 31,

31 Desember 2012 adalah sebesar USD 1,6 juta.

Commissioners and Directors for the year ended

berikut:

2012:

31 December 2012 amounted to USD 1.6 million. Ketua

: - Irawan Sastrotanojo

Chairman : - Irawan Sastrotanojo

R apat Dewan Komisaris, Direk si dan Komite Audit

Mee tings of the Boards of Commissioners AND Direc tors, and Audit Commit tee

Sesuai dengan peraturan Bapepam-LK tentang Komite

In accordance with the Bapepam-LK regulations on

Tabel berikut memuat jumlah rapat, termasuk

The following presents the number of meetings,

Audit, Komisaris Independen Perseroan, Bapak Irawan

Audit Committee, the Company’s Independent Com-

didalamnya daftar kehadiran para anggota Dewan

including attendance, held by the Boards of

Sastrotanojo, mengepalai Komite Audit. Beliau dibantu

missioner, Mr. Irawan Sastrotanojo, heads the Audit

Komisaris, Direksi, dan Komite Audit selama tahun

Commissioners and Directors, and Audit Committee

oleh dua anggota yang memiliki keahlian di bidang

Committee. He is supported by two members who have

yang berakhir pada 31 Desember 2012:

during the year ended 31 December 2012:

akuntansi dan keuangan.

expertise in the field of accounting and finance.

Profil anggota Komite Audit disajikan dalam Laporan

The profiles of the members of the Audit Committee

Komite Audit pada halaman 72 laporan tahunan ini.

are presented in the Audit Committee Report on page

Jenis Rapat Type of Meetings Dewan Komisaris/Board of Commissioners Direksi/Board of Directors Komite Audit/Audit Committee


Anggota : - Catherine Bong - Komala Dewi

Members : - Catherine Bong

- Komala Dewi

Jumlah Rapat (kali) Total Meetings (times)

Kehadiran (%) Attendance (%)

3

89%

Auditor Independen

Independent Auditors

22

75%

Berdasarkan hasil Rapat Umum Pemegang Saham

Pursuant to the 2012 Annual General Meeting of Share-

Tahunan 2012, laporan keuangan Perseroan pada

holders, the Company’s financial statements as of

tanggal dan untuk tahun yang berakhir 31 Desember

and for the year ended 31 December 2012 had been

2012 telah diaudit oleh Kantor Akuntan Publik Aryanto,

audited by the Public Accounting Firm Aryanto, Amir,

Amir, Jusuf, Mawar & Saptoto. Audit telah dilakukan

Jusuf, Mawar & Saptoto. The audit has been performed

sesuai dengan standar auditing yang ditetapkan oleh

in accordance with the auditing standards established

Institut Akuntan Publik Indonesia. Laporan auditor

by the Indonesian Institute of Public Accountants. The

independen secara lengkap, disajikan pada halaman

independent auditors’ report, which was unqualified, is

89 laporan tahunan ini.

presented on page 89 of this annual report.

4

100%

72 of this annual report.



Sekre taris Perusaha an

Corpor ate Secre tary

Divisi Audit Internal dipimpin oleh Direktur Tidak

The Internal Audit Division is led by the Company’s

Terafiliasi Perseroan, Jose Gonjoran Tan. Berikut

Unaffiliated Director, Jose Gonjoran Tan. The following

Sekretaris Perusahaan bertanggung jawab langsung

The Corporate Secretary reports directly to the

adalah profil singkat Kepala Audit Internal dan anggota

are brief credentials of the Internal Audit Head and his

kepada Presiden Direktur dan memiliki tugas utama

President Director and has the following main duties:

timnya:

team members:

sebagai berikut:

• Liaises with capital market authorities and the Jose Gonjoran Tan - Kepala Audit Internal

Jose Gonjoran Tan - Internal Audit Head

Profilnya mengacu pada bagian profil Direksi

Refer to the Board of Directors’ profile section page 25

halaman 25.

about his profile.

• Berhubungan dengan otoritas pasar modal dan masyarakat.

public. • Provides the public and investors with relevant

• Memberikan informasi yang relevan tentang kondisi

information about the condition of the Company.

Perseroan kepada masyarakat dan investor.

• Be aware and updated of capital market regulations

• Menyadari dan memperbaharui peraturan pasar

and provide recommendations to the Company’s

modal dan memberikan rekomendasi kepada

Board of Directors to ensure the Company’s

Alessandro S. Budiman - General Manajer Audit

Alessandro S. Budiman - Internal Audit General

Direksi Perseroan untuk memastikan kepatuhan

compliance with prevailing capital market rules

Internal

Manager

Warga negara Indonesia, bergabung dengan

Indonesian citizen, has joined the Company as Internal

Perseroan sebagai General Manajer Audit Internal

Audit General Manager in August 2008. Prior to

The Profile of the Company’s Corporate Secretary is as

pada bulan Agustus 2008. Sebelumnya bekerja

joining the Company, has worked as General Manager

follows:

sebagai General Manajer Divisi Keuangan dan

in the Finance and Accounting Division of PT JVC

Akuntansi PT JVC Indonesia (2000-2008), Asisten

Indonesia (2000-2008); Assistant Manager in Finance and Accounting Division of PT Kalbe Farma Tbk.

Perseroan terhadap peraturan pasar modal yang

and regulations.

berlaku. Profil Sekretaris Perusahaan adalah sebagai berikut: Yenni Meilina Lie, Warga Negara Indonesia, lahir

Yenni Meilina Lie, an Indonesian Citizen, was born

Manajer Keuangan dan Divisi Akuntansi PT Kalbe

pada tanggal 2 Mei 1980. Bergabung dengan Indopoly

on 2 May 1980. She joined Indopoly in 2009 and

Farma Tbk. (1995-1999), dan Auditor Junior

(1995- 1999); and junior auditor in Andersen Indonesia

sejak tahun 2009 dan diangkat menjadi Sekretaris

appointed as Corporate Secretary in June 2011.

di Andersen Indonesia (1994-1995). Lulus dari

(1994-1995). Graduated cum laude from the University

Perusahaan sejak Juni 2011. Memiliki pengalaman

She previously worked as Corporate Secretary in

Universitas Tarumanegara pada tahun 1994 dengan

of Tarumanagara in 1994 with a degree of Bachelor of

sebagai Corporate Secretary di PT Kabelindo Murni

PT Kabelindo Murni Tbk. (2005-2008) and Legal

gelar Sarjana Ekonomi, jurusan Akuntansi dengan

Economics, majoring in Accounting. In addition, has

Tbk. (2005-2008) dan Legal Manager di PT SMART

Manager in PT SMART Tbk. (2008-2009). She holds

predikat cum laude. Juga lulus dengan predikat

completed his Masters in Management at the Institut

Tbk. (2008-2009). Meraih gelar Sarjana Hukum dari

a Law degree from Gadjah Mada University, majoring

istimewa pada tahun 1997 dan memiliki gelar Magister

Bisnis dan Informatika Indonesia (iBii) and graduated

Universitas Gadjah Mada, jurusan Hukum Internasional

in International Law and a Master’s degree majoring in

Manajemen dari Institut Bisnis dan Informatika

with distinction in 1997. Currently is a member of the

dan gelar Master Hukum Bisnis dari Universitas

Business Law from the University of Indonesia.

Indonesia (IBII). Saat ini merupakan anggota dari

Institute of Internal Auditors in Indonesia.

Indonesia. Selain itu, juga memegang lisensi Advokat

In addition, she also holds an Advocate license from

Institute of Internal Auditors di Indonesia.

dari PERADI (Perhimpunan Advokat Indonesia) dan

PERADI (Perhimpunan Advokat Indonesia) and

lisensi Kurator dari IKAPI (Ikatan Kurator dan Pengurus

Receiver and Administrator (Kurator) license from

Indonesia).

IKAPI (Ikatan Kurator dan Pengurus Indonesia).

Tjiong Soe Gei - General Manajer Audit Internal

Tjiong Soe Gei - Internal Audit General Manager



Internal Audit

Perseroan sebagai General Manajer Audit Internal

Audit General Manager for information technology

untuk teknologi informasi (IT) dan sistem pada

(IT) and systems in March 2011. Prior to joining the

Divisi Audit Internal memberikan kepastian secara

The Internal Audit Division provides an independent

bulan Maret 2011. Sebelum bergabung dengan

Company, has worked as IT Audit Manager at

independen dan obyektif kepada manajemen mengenai

and objective assurance to the management about the

Perseroan, bekerja sebagai Manajer Audit IT di

PT HM Sampoerna, Indonesia (2006- 2011); senior IT

pemenuhan syarat dan efektivitas pengendalian

adequacy and effectiveness of internal controls and

PT HM Sampoerna, Indonesia (2006-2011), Senior

auditor at Ernst & Young, Indonesia (2003- 2006);

internal dan aktivitas risiko manajemen atas Perseroan

other risk management activities of the Company and

Auditor IT di Ernst & Young, Indonesia (2003-2006),

and senior IT auditor at Andersen, Indonesia

dan anak perusahaan Perseroan. Divisi Audit Internal

its subsidiaries. The Internal Audit Division reports

dan Senior Auditor IT di Andersen, Indonesia (1999-

(1999-2003). Graduated from the University of

memberikan laporan langsung kepada Komite Audit

directly to the Audit Committee and the President

2003). Lulus dari Universitas Trisakti pada tahun 1996

Trisakti in 1996 with a Bachelor of Science degree

Director of the Company.

dengan gelar Bachelor of Science di bidang Teknik

in Mechanical Engineering, majoring in Machinery

Mesin, jurusan Mesin Konstruksi.

Construction.

Audit Internal

dan Presiden Direktur Perseroan.




Memiliki sertifikat Certified Information Systems Auditor

He is a Certified Information Systems Auditor (CISA)

Lulus dari Universitas Tarumanegara pada tahun 2002

Graduated from the University of Tarumanagara in

(CISA), dan merupakan anggota dari Information

and a member of the Information Systems Audit and

dengan gelar Sarjana Ekonomi, jurusan Akuntansi.

2002 with a degree of Bachelor of Economics, majoring

Systems Audit and Control Association (ISACA).

Control Association (ISACA).

Saat ini menjadi anggota dari Institute of Internal

in Accounting. She is currently a member of the

Auditors di Indonesia.

Institute of Internal Auditors in Indonesia.

Helyus Romalo Patria - Audit Internal

Helyus Romalo Patria - Internal Auditor

Tommy Thio - Manajer Audit Internal

Tommy Thio - Internal Audit Manager



Perseroan sebagai Manajer Audit Internal pada bulan

Audit Manager in October 2009. Prior to joining the



Oktober 2009. Sebelum bergabung dengan Perseroan,

Company, has worked as the Audit Manager in the

Perseroan sebagai Auditor Internal pada bulan

Auditor in February 2011. Prior to joining the Company,

bekerja sebagai Manajer Audit di Divisi Kehutanan

Forestry Division for Sinar Mas, Indonesia (2007-

Februari 2011. Sebelum bergabung dengan Perseroan,

has worked as a senior auditor at Price Waterhouse

Sinar Mas, Indonesia (2007-2009), Manajer Audit di

2009); Audit Manager at Istana Argo Kencana,

bekerja sebagai auditor senior di Price Waterhouse

Coopers (PwC), Indonesia (2007- 2011). Graduated

Istana Argo Kencana, Indonesia (1997-2006), dan

Indonesia (1997- 2006); and Administration

Coopers (PwC), Indonesia (2007-2011). Lulus dengan

cum laude from the Trisakti University in 2007 with

Kepala Departemen Administrasi di PT LG Astra

Department Head at PT LG Astra Elect, Indonesia

predikat cum laude dari Universitas Trisakti pada

a degree of Bachelor of Economics, majoring in

Elect, Indonesia (1996-1997). Lulus dari Universitas

(1996-1997). Graduated from the University of

tahun 2007 dengan gelar Sarjana Ekonomi, jurusan

Accounting. He is currently a member of the Institute of

Tridinanty Palembang pada tahun 1995 dengan gelar

Tridinanty Palembang in 1995 with a Bachelor of

Akuntansi. Saat ini merupakan anggota dari Institute of

Internal Auditors in Indonesia.

Bachelor of Science di bidang Ekonomi, jurusan

Science degree in Economics, majoring in Accounting.

Internal Auditors di Indonesia.

Akuntansi. Saat ini merupakan anggota dari Institute of

He is currently a member of the Institute of Internal

Internal Auditors di Indonesia.

Auditors in Indonesia.

Mana jemen Resiko

Risk Management

Hazel Luo - Manajer Audit Internal

Hazel Luo - Internal Audit Manager

Perseroan menghadapi beberapa risiko dalam

The Company faces numerous risks in the normal

taraf yang wajar di sepanjang aktivitas bisnisnya.

course of its business activities. These risks could

Warga negara Singapura, bergabung dengan

Singaporean citizen, has joined the Company as

Risiko-risiko ini dapat memiliki dampak yang

be detrimental to the continuity of the Company’s

Perseroan sebagai Manajer Audit Internal pada

Internal Audit Manager in September 2011. Prior to

merugikan kelanjutan bisnis, penghasilan atau

business, its business earnings or financial condition.

September 2011. Sebelum bergabung dengan

joining the Company, has worked as Finance Analyst at

kondisi keuangan Perseroan. Perseroan memiliki

The Company has adequate policies, guidelines

Perusahaan, bekerja sebagai Analis Keuangan

Shell Eastern Petroleum Ltd., Singapore (2007- 2011);

kebijakan yang memadai, pedoman dan prosedur

and procedures in identifying significant risks and

di Shell Eastern Petroleum Ltd, Singapura (2007-

Finance Assistant at Searcy Tansley Co. Ltd., London,

dalam mengidentifikasi risiko yang signifikan

determine strategies in managing those risks. The

2011), Asisten Keuangan di Searcy Tansley Co Ltd,

UK (2006- 2007); and Business Executive at

serta menentukan strategi dalam mengelola risiko

following brief defines the primary risks faced by the

London, Inggris (2006-2007), dan Eksekutif Bisnis

Giordano International Ltd., China (1995- 2000).

tersebut. Penjelasan berikut menjabarkan risiko-

Company and its efforts to mitigate those risks.

di Giordano International Ltd., Cina (1995-2000).

She graduated from the University of Portsmouth,

risiko utama yang dihadapi Perseroan beserta usaha

Lulus dari University of Portsmouth, Inggris dengan

UK with a Bachelor of Science in Business degree in

penyelesaiannya untuk mengurangi risiko tersebut.

gelar Sarjana Business of Science pada tahun 2003.

2003. She is currently a member of the Association of

Saat ini menjadi anggota Association of Chartered

Chartered Certified Accountants in UK and Certified

Certified Accountants di Inggris dan Certified Public

Public Accountants in Singapore.

Accountants di Singapura.

Risiko Keuangan

Financial Risk

Risiko keuangan umumnya diasosiasikan dengan

Financial risks are mainly associated with the inability

ketidakmampuan Perseroan dalam mencapai target

of the Company to achieve its revenue target, or the

laba dari penjualan atau ketidakmampuan Perseroan

inability to obtain new financing from either creditors or

Yessica Dharmasaputra - Audit Internal

Yessica Dharmasaputra - Internal Auditor

dalam mendapatkan kreditur atau investor baru, hal-

investors in so far as these financing or equity raising


An Indonesian citizen, has joined the Company as

hal ini dianggap kritis terhadap kelanjutan aliran dana

is deemed critical to the sustainability of positive cash

Perseroan sebagai Auditor Internal pada

Internal Auditor in February 2011. Prior to joining the

positif.

flows.

bulan Februari 2011. Sebelum bergabung dengan

Company, has worked as an Internal Audit Supervisor

Perseroan, bekerja sebagai Supervisor Audit Internal

at PT SMART Tbk. (2007- 2011); and Senior Internal

Usaha dalam mengurangi risiko ini termasuk

Efforts to mitigate such risks include initiatives to

di PT SMART Tbk. (2007-2011), dan Senior Internal

Auditor at PT Rodamas (2003- 2007).

diantaranya adalah inisiatif untuk mengamankan

secure a continuous revenue stream, maintain a strong

sumber pendapatan secara berkala dan juga

balance sheet and cash liquidity to meet all of the

mempertahankan neraca yang kuat serta mencukupi

Company’s financial obligation.

Auditor di PT Rodamas (2003 -2007).

likuiditas agar dapat memenuhi kewajiban keuangan Perseroan sewaktu-waktu.




Pada umumnya risiko keuangan terdiri dari risiko kredit,

Financial risks in general comprise of credit risk,

risiko likuiditas dan risiko nilai tukar. Untuk penjelasan

liquidity risk, interest rate risk and foreign currency

lebih lanjut mengenai faktor-faktor risiko keuangan

risk. For more detailed description of the Company’s

dan kebijakan manajemen Perseroan, dapat dilihat

financial risk factors and management policies, please

di halaman 68 pada catatan atas laporan keuangan

see page 68 of the notes to the consolidated financial

konsolidasi pada laporan tahunan ini.

statements of this annual report.

Risiko Produksi

Production Risk

Risiko produksi umumnya timbul dari faktor

Production risks arise primarily from declining factors

menurunnya tingkat produksi - termasuk didalamnya

of production - including people, equipment and other

tenaga kerja, peralatan dan sumber daya lainnya -

resources - that pose risks to the Company’s ability to

yang menimbulkan risiko ketidakmampuan Perseroan

meet production targets.

dalam mencapai target produksi. Permasalahan dalam proses pengadaan dan logistik

Supplies and logistics issues are also risk factors to

juga merupakan faktor risiko untuk mencapai produksi

timely production schedules.

yang tepat waktu. Usaha dalam mengurangi risiko ini termasuk

Efforts to mitigate these risks include (i) the use of

diantaranya (i) penggunaan teknologi terkini yang

advanced technology to spur productivity, (ii) proper

dapat memacu tingkat produksi (ii) perawatan alat

and adequate maintenance of production equipment,

Kebijakan Perseroan untuk meminimalkan risiko yang

The Company seeks to mitigate this risk by maintaining

produksi dengan baik (iii) mengganti alat produksi

(iii) timely replacement of outdated equipment parts,

berasal dari pasokan bahan baku adalah menjaga

an adequate amount of raw material at all times to

yang sudah lama dengan yang terkini secara cepat (iv)

(iv) the provision of adequate training to relevant

tingkat optimal dari persediaan resin beserta bahan

ensure the continuity of production. In addition, the

memberikan pelatihan yang sesuai bagi karyawan, dan

personnel, and (v) ensuring that supplies and logistics

baku penunjangnya untuk produksi yang berkelanjutan.

Company also reduces such risk by passing on the

(v) memastikan pengadaan dan logistik diatur secara

are met as needed.

Selain itu, Perseroan juga berusaha mengurangi risiko

increase in price to the customers.

efisien.

tersebut dengan cara mengalihkan kenaikan harga kepada pelanggannya.

Risiko Harga dan Pasokan Bahan Baku

Raw Materials Price and Supply Risk Risiko Pemasaran

Market Risk

Perseroan menggunakan bahan baku utama

The Company’s main raw material is resin that

berupa resin yang merupakan turunan minyak bumi.

constitutes a derivative by-product of crude oil. This

Risiko pemasaran biasanya muncul dari persaingan

Market risks often arise as a result of competition in

Bahan baku tersebut diproduksi oleh produsen

raw material is produced by numerous producers, both

harga pasar, biaya pengiriman dan pengangkutan,

market price, excessive shipping and freight costs,

yang jumlahnya banyak, baik di dalam maupun di

domestically and internationally. Generally, the supply

hambatan perdagangan atau kuota impor yang

trade barriers or import quotas imposed by certain

luar negeri. Umumnya, pasokan resin cukup untuk

of resin is adequate to meet market demand.

diberlakukan di beberapa pasar atau negara, serta

markets or countries, as well as the effectiveness of

efektivitas jaringan pemasaran dan jalur distribusi

the Company’s own marketing network and distribution

memenuhi permintaan pasar.

Perseroan. Risiko ini telah diatasi dengan strategi

channel. These risks have been mitigated by the

Namun pada kondisi tertentu, keseimbangan antara

However, under certain conditions, the balance

Perseroan yaitu mengoperasikan dua fasilitas

Company’s strategy to operate two manufacturing

penawaran dan permintaan resin dapat terganggu,

between supply and demand for resin may be

manufaktur di luar negeri.

facilities overseas.

yang kemudian berdampak pada peningkatan harga

disrupted, which could lead to an increase in resin

resin. Apabila terjadi peningkatan harga bahan baku,

prices. This in turn could affect the Company’s

Perseroan dapat memanfaatkan banyak kemudahan

The Company has enjoyed greater flexibilities on its

maka biaya produksi Perseroan juga akan meningkat

production cost which could result in adverse effect

dan fleksibilitas dalam aktivitas pemasaran dan

marketing and distribution activities than it would

dan selanjutnya berdampak buruk pada tingkat

on profitability.

distribusinya yang tidak dapat dimanfaatkan jika hanya

otherwise have had if it were only operating from

beroperasi dari satu negara saja.

a single country.

profitabilitas Perseroan.




Risiko Regulasi

Regulatory Risk

Kegiatan usaha Perseroan menuntut kepatuhan

The business activities of the Company require

terhadap hukum dan regulasi di negara-negara di mana Perseroan beroperasi. Hukum dan regulasi ini berkaitan dengan investasi,

These laws and regulations pertain to investment,

pajak, perdagangan internasional, tenaga kerja dan

taxation, international trade, labor and others.

luar negeri.

Untuk mengurangi risiko ini, selain taat pada peraturan

To mitigate these risks, the Company is not only in full

yang diterapkan sesuai AMDAL (Analisa Mengenai

compliancewith the AMDAL (Analyses of Environmental

Dampak Lingkungan) oleh Kantor Wilayah Manajemen

Impact) requirements of the Regional Office of

compliance with laws and regulations of the

Lingkungan, Perseroan juga mematuhi standar praktik

Environment Management, but also adheres to

respective countries where the Company operates.

terbaik internasional terhadap lingkungan, serta

international best practice standards on environmental,

masalah keamanan dan kesehatan yang berkaitan

safety and health issues pertaining to its operations at

dengan pengoperasian Perseroan di dalam ataupun

home and overseas.

lain sebagainya.

Konflik Kepentingan

Conflic t of Interests

the Company’s operations and are often beyond the

Perseroan memastikan bahwa segala kegiatan usaha

The Company ensures that its business activities are

control of the Company.

Perseroan terbebas dari konflik kepentingan dari pihak

free from conflict-of-interests. It has set forth clear

tertentu. Perseroan telah menetapkan pedoman yang

guidelines on what may constitute a conflict-of-interest

jelas akan apa yang dianggap konflik kepentingan dan

and strict protocols on how to resolve such matters.

Perubahan dalam hukum dan regulasi ini dapat

Amendments in these laws and regulations could effect

mempengaruhi operasional Perseroan dan bahkan di luar kemampuan Perseroan. Namun, Perseroan percaya dengan tetap tunduk dan

Nevertheless, the Company believes that its full

mengacu kepada hukum dan regulasi yang berlaku

adherence to local, national, regional and international

menetapkan prosedur yang ketat dalam pemecahan

di lokal, nasional, regional dan internasional akan

laws and regulations have minimized its exposures to

masalah tersebut.

dapat meminimalisir kemungkinan terkena risiko-risiko

regulatory risks.

regulasi. Risiko Lingkungan

Environmental Risk

Perseroan dalam proses produksinya menggunakan

The Company uses a variety of chemicals in its

berbagai macam bahan kimia yang dapat berasal dari

production processes such that there are risks

penanganan material berbahaya ataupun pembuangan

associated with the handling of hazardous materials as

limbah berbahaya.

well as possible toxic waste disposals.


Di samping itu, Perseroan tidak menghadapi

In addition, the Company has no transactions with

permasalahan konflik kepentingan di antara Dewan

conflicting interests with its Board of Commissioners,

Komisaris, Direksi dan Pemegang Saham Perseroan.

Directors, and Shareholders of the Company.



K asus Litigasi

Litigation C ase

- Integritas

- Integrity

- Patuh terhadap hukum dan perundangan

- Compliance to laws and regulations

Tahun 2012, Perseroan tidak mengalami kasus litigasi

In 2012, the Company has no litigation case that could

- Patuh terhadap kebijakan dan peraturan Perseroan

- Compliance to the Company’s internal policies and

yang dapat menyebabkan konsekuensi material

have material and financial consequences to the

- Menghindari konflik kepentingan

Company.

- Hak individu

- Avoidance of conflict of interest

- Kerahasiaan informasi Perseroan

- Respect of individual rights

Code of Conduc t

- Informasi orang dalam

- Confidentiality of the Company’s information

- Pemberian hadiah

- Insider information

Kode etik Perseroan adalah merupakan prinsip-prinsip

The Company’s code of conduct requires the principles

- Penerimaan hadiah

- Offering of gift

tata kelola perusahaan yang baik untuk dipatuhi setiap

of good corporate governance to be observed at all

- Pemanfaatan aset Perseroan

- Soliciting of gift

saat:

times:

- Transparansi: merupakan prinsip keterbukaan

- Transparency: openness in decision making and

keuangan bagi Perseroan.

Kode E tik

dalam pengambilan keputusan dan pengungkapan

information disclosure that are material and relevant

informasi yang materiil dan relevan dengan

to the Company.

Perseroan.

- Independence: managed by professionals without

Throughout 2012, there has been no incident

pelanggaran Kode Etik Perseroan.

concerning any violation of the Company’s Code of Conduct.

authority, and responsibility among Shareholders,

Ketersediaan informasi Perseroan telah sepenuhnya

Information on the Company is made available to all

the Board of Commissioners and Directors.

sesuai dengan prosedur terbaik untuk penerapan Tata

stakeholders in compliance with the best practices

- Responsibility: managing the Company with

Kelola Perusahaan. Perseroan telah menyampaikan

in Good Corporate Government implementation.

conformity and compliance to legislations in force

informasi kepada pemangku kepentingan secara

The Company has disseminated information to its

and healthy corporate principles.

berkala dan tepat waktu melalui penerbitan laporan

stakeholders in a regular and timely manner through the publication of annual report of the Company and

pressure from any parties. - Accountability: clarity of functions, rights, duties,

- Akuntabilitas: kejelasan fungsi, hak, kewajiban, wewenang, dan tanggung jawab antara Pemegang - Pertanggungjawaban: kesesuaian dan kepatuhan

Sepanjang 2012, tidak ada kejadian apapun mengenai

Access to Corpor ate Information

any conflict of interest and without any influence/

tanpa benturan kepentingan dan tanpa pengaruh/

Saham, Dewan Komisaris dan Direksi.

- Utilization of the Company’s assets

Ke tersedia an Informasi Perseroan

- Kemandirian: Perseroan dikelola secara profesional tekanan dari pihak manapun.

regulations

pengelolaan Perseroan terhadap peraturan perundang-undangan yang berlaku dan prinsip-

- Fairness: fair and equal treatment in fulfilling

tahunan Perseroan dan laporan keuangan triwulanan

prinsip korporasi yang sehat.

stakeholders rights arising from treaties or

dan keterbukaan informasi lainnya kepada pihak

quarterly financial statements and issuance of other

applicable legislation.

otoritas pasar modal.

necessary disclosures to the capital market authorities.

yang timbul karena perjanjian maupun peraturan

Perseroan menganut asas keterbukaan dan

The Company adheres to the principles of transparency

perundangan yang berlaku.

kesetaraan dalam hal penyampaian informasi ke setiap

and fairness in the dissemination of information

pemangku kepentingan. Publik juga dapat memantau

to all stakeholders. The public can also follow the

It also requires that every person at Indopoly, members

perkembangan Perseroan melalui situs resmi:

Company’s developments through its official website:

Dewan Komisaris dan Direksi serta karyawan lainnya,

of the Board of Commissioners and Directors as well

www.ilenefilms.com.

www.ilenefilms.com.

untuk selalu mematuhi kebijakan Perseroan akan:

as other employees, to always adhere to the

- Kewajaran: perlakuan adil dan setara di dalam

memenuhi hak-hak pemangku kepentingan baik

Hal ini juga menuntut setiap orang di Indopoly, anggota

Company’s policies on:



L apor an Komite Audit Audit Committee Report

Laporan ini disusun sesuai dengan peraturan dari

This report has been prepared pursuant to the

Selama tahun 2012 Komite Audit menyelenggarakan

The Audit Committee held four (4) meetings with 100%

Badan Pengawas Pasar Modal (Bapepam-LK)

requirements of the Capital Market Supervisory Board

empat kali pertemuan dengan tingkat kehadiran 100%.

attendance during the year ended 31 December 2012.

dan Bursa Efek Indonesia. Tahun 2012, Komite

(Bapepam-LK) and the Indonesia Stock Exchange. For

Turut diundang dalam pertemuan Komite Audit yaitu

Members of management from the Finance and

Audit terdiri dari:

the year 2012, the Audit Committee is composed of the

dari Departemen Keuangan dan Akuntansi,

Accounting Department, Internal Audit Department and

following members:

Departemen Audit Internal dan Departemen Hukum.

Legal Department were also invited on those meetings.

Ketua: Irawan Sastrotanojo

Chairman: Irawan Sastrotanojo

Komite Audit telah menyelenggarakan pertemuan

The Audit Committee has met again on

bersama auditor independen, Departemen

26 March 2013 to discuss the Company’s audited

(Komisaris Independen)

(Independent Commissioner)

Profil mengacu pada bagian Dewan Komisaris,

Refer to the Board of Commissioners section on page

Keuangan dan Akuntansi, dan Departemen

financial statements as of and for the year ended

halaman 19.

19 for his profile.

Audit Internal Perseroan pada tanggal 26 Maret

31 December 2012 with the Company’s independent

2013 dalam rangka membahas laporan keuangan

auditors and representatives from the Finance

Anggota: Catherine Bong

Member: Catherine Bong

Perseroan untuk tahun buku yang berakhir pada

and Accounting Department and the Internal Audit

Warga negara Indonesia; menjadi anggota Komite

An Indonesian citizen; has been a member of

tanggal 31 Desember 2012. Dibahas pula dalam

Department. The Audit Committee also discussed

Audit sejak Desember 2010. Berpengalaman di

Indopoly’s Audit Committee since December 2010. She

pertemuan tersebut mengenai independensi

with the Company’s independent auditors their

bidang keuangan, akuntansi dan audit. Saat ini

has extensive experience in finance, accounting and

dan objektivitas auditor, ruang lingkup dan

independence and objectivity, the scope and

menjabat sebagai Manajer Akunting di

auditing. Currently, an Accounting Manager in

metodologi audit, dan temuan-temuan yang

methodology of their audit, and significant findings.

PT Supernova Flexible Packaging. Lulus tahun

PT Supernova Flexible Packaging. Graduated from

signifikan.

2001 dengan gelar Sarjana Ekonomi, jurusan

the University of Indonesia in 2001 with a degree of

Akuntansi dari Universitas Indonesia.

Bachelor of Economics, majoring in Accounting.

Berdasarkan hasil pertemuan tersebut, Komite

Based on the results of those meetings, the Audit

Audit tidak menemukan hal-hal material yang

Committee has not identified any material issues

Anggota: Komala Dewi

Member: Komala Dewi

harus diungkapkan untuk menjadi perhatian dari

that should be brought to the attention of

Warga Negara Indonesia; menjadi anggota Komite

An Indonesian citizen; has been a member of

Dewan Komisaris dan Direksi.

the Boards of Commissioners and Directors.

Audit sejak Oktober 2011. Memiliki 16 tahun

Indopoly’s Audit Committee since October 2011.

pengalaman kerja di bidang keuangan dan

She has 16 years working experience in finance

akuntansi. Lulus tahun 1996, dengan gelar

and accounting. Graduated from the University of

Sarjana Ekonomi, jurusan Akuntansi dari

Tarumanagara in 1996, with a degree of Bachelor of

Universitas Tarumanegara.

Economics, majoring in Accounting.

Tugas utama Komite Audit adalah membantu

Pursuant to its main task of assisting the Board of

tugas pengawasan Dewan Komisaris dalam

Commissioners in its oversight responsibilities, which

menjalankan tanggung jawabnya, yang meliputi

includes reviewing the reliability of the Company’s

review atas keabsahan informasi keuangan

financial information issued to the public; effectiveness

Perseroan yang diterbitkan kepada publik;

of internal control system; compliance with capital

mengawasi sistem pengendalian internal yang

market rules and regulations and other laws and

efektif; kepatuhan terhadap peraturan dan undang-

regulations relevant to the Company’s activities; risk

undang pasar modal dan peraturan perundang-

management and internal audit activities.

On behalf of the Audit Committee,

Irawan Sastrotanojo, BSc. Chairman

undangan lainnya yang relevan dengan kegiatan Perseroan; risiko manajemen dan kegiatan audit internal.



Management’s Discussion and Analysis The Company’s philosophy: Market Oriented, Professionalism and Constructive Teamwork has enabled Indopoly to continue operating in line with the market situation.



Pembahasan dan Analisa Mana jemen Management’s Discussion and Analysis

PRODUKSI

PRODUCTION

Perealisasian secara penuh kapasitas produksi dari lini

The Company realized the full production capacity

produksi BOPET yang telah berjalan sejak pertengahan

of its new BOPET line that was commissioned in the

2011 menghasilkan peningkatan total jumlah produksi

second half of 2011, resulting to an increase in total

Perseroan sekitar 22% pada tahun 2012. Lini produksi

production volume in 2012 by approximately 22%. The

BOPET yang baru memiliki kapasitas sebesar 20.000

new BOPET line has installed capacity of 20,000 tons

ton per tahun, sehingga meningkatkan kapasitas

a year, bringing the Company’s total installed capacity

terpasang Perseroan pada tingkat 100.000 ton per

to 100,000 tons a year coming from its Purwakarta

tahun yang terdiri dari pabrik Purwakarta (sebesar

factory (65,000 tons), Yunnan factory (10,000 tons) and

65.000 ton), pabrik Yunnan (sebesar 10.000 ton) dan

Suzhou factory (25,000 tons).

pabrik Suzhou (sebesar 25.000 ton). Untuk menambah varian dari produk yang ditawarkan,

To further add variety to the Company’s product

Perseroan telah memasang satu unit mesin metalizing

offerings, the Company installed one metalizing

di pabrik Purwakarta dan satu unit mesin termal untuk

machine in Purwakarta factory and one coating

film free thermal lamination di pabrik Suzhou pada

machine for adhesive free thermal lamination film in

tahun 2011, serta menambah unit mesin metalizing

Suzhou factory in 2011, and added a second metalizing

yang kedua di pabrik Purwakarta pada tahun 2012.

machine in Purwakarta factory in 2012.

Semua lini produksi berjalan secara terus-menerus

All production lines are running continuously for 24

selama 24 jam sehari dan 7 hari seminggu, kecuali

hours a day 7 days a week, except during planned

pada saat jadwal pemeriksaan mesin dan perbaikan

overhaul and preventive maintenance schedules.

mesin untuk tujuan pencegahan.



Pembahasan dan Analisa Manajemen Management’s Discussion and Analysis

PENJUALAN

SALES

BEBAN POKOK PENJUALAN

COST OF GOODS SOLD

Dilatarbelakangi oleh peningkatan kapasitas produksi

Backed by the increase in production capacity from

Beban pokok penjualan meningkat sebesar 9%

Cost of goods sold increased by 9% to USD 189 million

dari lini produksi BOPET yang baru serta adanya

the new BOPET line as well as the added value

menjadi USD 189 juta pada tahun 2012 dari

in 2012 from USD 172 million in 2011, which is in

produk bernilai tambah dari mesin metalizing dan

from metalizing machines and coating machine,

USD 172 juta di tahun 2011, di mana hal ini seiring

tandem with the increase in total sales volume.

mesin coating, total penjualan Perseroan meningkat

the Company saw its net sales rose to USD 227

dengan meningkatnya total volume penjualan.

Despite the increase in raw material prices, the

menjadi USD 227 juta pada tahun 2012, yang

million in 2012, which represents an almost 10%

Walaupun harga bahan baku terus meningkat,

Company managed to enhance the efficiency and

mencerminkan peningkatan sebesar 10% bila

increase compared to USD 207 million in 2011.

Perseroan berhasil meningkatkan tingkat efisiensi dan

successfully maintained a favorable gross profit level

dibandingkan dengan USD 207 juta untuk penjualan

Product composition remains stable at 28% cigarette

mempertahankan tingkat laba kotor yang diinginkan

of 17%.

2011. Komposisi penjualan produk masih stabil yaitu

packaging, 52% fine food packaging and 20% specialty

pada tingkat 17%.

dengan komposisi 28% cigarette film, 52% fine food

films.

packaging film dan 20% specialty film.

Penjelasan lebih lengkap mengenai beban pokok

Further details of cost of goods sold are discussed

penjualan dapat dilihat di catatan 23 dari laporan

in note 23 of the audited financial statements in this

keuangan yang telah diaudit dalam laporan tahunan ini.

annual report.

Di tahun 2012, penjualan domestik (Indonesia dan

In 2012, domestic sales (Indonesia and China)

Cina) berkontribusi sebesar 71% dari total penjualan

contributed 71% of total sales while the remaining were

di mana sisanya merupakan penjualan ekspor.

export sales.

Penjualan

Lokal vs Ekspor

Laba Kotor

Laba Usaha

Local vs Export

Gross Profit

Operating Income

Sales

Lokal Local

179

207

Ekspor Export

227 61 118

Tahun/year

2010

2011

2012 Dalam Jutaan USD In Million USD

Tahun/year

2010

57 150

66

31

48

161

35

39 16

2011

2012

Tahun/year

2010

2011

Dalam Jutaan USD In Million USD

Fasilitas produksi di Indonesia memberikan kontribusi

The facility in Indonesia contributed 63% of sales and

sebesar 63% dari total penjualan sedangkan dua

two facilities in China contributed 37% of sales; all

fasilitas produksi di Cina berkontribusi sebesar

entities contributed proportionately to profitability level.

2012

Tahun/year

2010

2011

17



BEBAN OPERASIONAL

OPERATING EXPENSES

Perseroan telah secara efisien mengendalikan beban

The Company has efficiently controlled its operating

37% dari total penjualan. Seluruh fasilitas produksi

operasionalnya selama tahun 2012. Jumlah beban

expenses in 2012. Total operating expenses increased

memberikan tingkat profitabilitas yang proporsional.

operasional hanya meningkat sebesar 4% menjadi

by 4% to USD 22 million in 2012 despite the full year

USD 22 juta pada 2012, walaupun lini produksi BOPET

operations of BOPET line and rising costs due to

Penjelasan lebih lengkap mengenai penjualan dapat

Further details of sales are discussed in note 22 of the

telah beroperasi satu tahun penuh dan meningkatnya

inflation. The increase was attributed mainly to the

dilihat di catatan 22 dari laporan keuangan yang telah

audited financial statements in this annual report.

harga akibat inflasi. Kenaikan ini merupakan kontribusi

5% increase in selling and marketing expenses from

dari peningkatan beban penjualan dan pemasaran

USD 9 million in 2011 to USD 10 million in 2012, as well

sebesar 5% dari USD 9 juta di 2011 ke USD 10 juta di

as 4% increase in general and administration expenses

2012, serta kenaikan beban umum dan administrasi

from USD 12 million in 2011 to USD 13 million in 2012.

diaudit dalam laporan tahunan ini.

sebesar 4% dari USD 12 juta di 2011 menjadi USD 13 juta di 2012.




Penjelasan lebih lengkap mengenai beban operasional

Further details of operating expenses are discussed

dapat dilihat di catatan 24 dari laporan keuangan yang

in note 24 of the audited financial statements in this

telah diaudit dalam laporan tahunan ini.

annual report.

PROFITABILITAS

PROFITABILITY

Perseroan telah membukukan laba bersih untuk 2012

The Company has achieved its net profit target for 2012

sebesar USD 7,2 juta, meningkat sebesar 4% dari

of USD 7.2 million, a 4% increase from USD 6.9 million

USD 6,9 juta pada tahun 2012. Kenaikan ini didukung

in 2011. The increase was driven by 10% growth in net

oleh pertumbuhan atas penjualan bersih sebesar 10%

sales and partially offset by modest increase of 4% in

dan setelah dikurangi peningkatan biaya operasional

operating expenses.

sebesar 4%.

ASET LANCAR

CURRENTS ASSETS

Total aset lancar Perseroan pada akhir tahun 2012

The Company’s total current assets at the end of year

adalah USD 85 juta, turun hampir sebesar 8% jika

2012 was USD 85 million, a decrease by almost 8%

dibandingkan dengan USD 92 juta pada akhir tahun

compared to USD 92 million in 2011. This was

2011. Hal ini terutama dikarenakan oleh pembayaran

mainly due to the repayment of bank borrowings

pinjaman bank yang menyebabkan terjadinya

resulting to a decline in cash and cash equivalents

penurunan pada saldo kas dan setara kas sebesar

balance by USD 5 million, and conscious effort in

USD 5 juta, serta usaha Perseroan dalam mengurangi

reducing inventory levels by USD 3 million such as raw

tingkat persediaan sebesar USD 3 juta, seperti bahan

materials, packaging materials and work in progress to

baku, bahan kemasan dan bahan dalam proses, untuk

reduce inventory financing and handling costs.

mengurangi biaya pengadaan dan biaya penanganan persediaan.


ASET TIDAK LANCAR

NON- CURRENT ASSETS

Total aset tidak lancar menurun sebesar USD 7

Total non-current assets declined by USD 7 million or

juta atau sekitar 3%, dari USD 205 juta pada tahun

approximately 3%, from USD 205 million at the end

2011 menjadi USD 198 juta pada tahun 2012. Hal

of 2011 to USD 198 million at the end of 2012. This

ini terutama dikarenakan oleh besarnya penyusutan

was mainly due to the depreciation of fixed assets

aset tetap yang mencapai USD 11 juta di tahun 2012,

totaling USD 11 million in 2012, and was partially

yang sebagian dikurangi oleh pembelian aset tetap

offset by acquisition of fixed assets in 2012 totaling

sebesar USD 5 juta selama tahun 2012. Penurunan

USD 5 million. A significant decrease in third party

signifikan dari piutang lain-lain oleh pihak ketiga juga

other receivables also contributed to the lower non-

berkontribusi pada penurunan total aset tidak lancar.

current assets.

JUMLAH ASET

TOTAL ASSETS

Jumlah aset turun sebesar 5%, dari USD 296 juta pada

Total assets declined by 5%, from USD 296 million at

akhir tahun 2011 menjadi USD 283 juta pada akhir

the end of 2011 to USD 283 million at the end of 2012.

tahun 2012. Jumlah aset yang lebih rendah sejalan

A lower of total assets is in line with the decrease in

dengan penurunan saldo kas dan setara kas untuk

cash and cash equivalents to pay up bank loans and

pembayaran utang bank serta penurunan aset tetap

decrease in fixed assets due to depreciation.

akibat beban penyusutan.

KEWAJIBAN LANCAR

CURRENT LIABILITIES

Pada tahun 2012, kewajiban lancar Perseroan menurun

By the end of 2012, the Company’s current liabilities

menjadi USD 97 juta dari USD 107 juta di tahun

decreased to USD 97 million from USD 107 million in

sebelumnya, atau menurun sebesar 10%. Hal ini

previous year, or a decrease by almost 10%. This was

terutama dikarenakan oleh pembayaran pinjaman bank

mainly due to the net reduction of short-term bank

jangka pendek sebesar USD 13 juta.

loans by about USD 13 million.

KEWAJIBAN TIDAK LANCAR

NON- CURRENT LIABILITIES

Total kewajiban tidak lancar menurun sebesar USD 10

Total non-current liabilities declined by USD 10 million

juta atau sebesar 18% menjadi USD 45 juta pada akhir

or approximately 18% to USD 45 million at the end of

tahun 2012 dari USD 55 juta pada akhir tahun 2011.

2012 from USD 55 million at the end of 2011.

Penurunan ini terutama dikarenakan oleh pembayaran

The decrease was mainly due to the repayment of the

sebagian utang jangka panjang yang akan jatuh tempo

current portion of long-term bank loans.

dalam satu tahun. Penjelasan lebih lengkap mengenai utang bank

Further details of long term bank loans are discussed

jangka panjang dapat dilihat di catatan 15 dari laporan

in note 15 to the audited financial statements in this

keuangan yang telah diaudit dalam laporan tahunan ini

annual report.



JUMLAH KEWAJIBAN

TOTAL LIABILITIES

Total arus kas bersih dari aktivitas operasi selama

The net cash flow from operating activities in 2012 was

tahun 2012 adalah USD 20 juta lebih tinggi daripada

USD 20 million higher compared to 2011.

Jumlah kewajiban Perseroan menurun sebesar 13%

The Company’s total liabilities decreased by 13%

selama tahun 2011.

dan tercatat sebesar USD 142 juta pada akhir tahun

to USD 142 million at the end of 2012 compared to

2012 dibandingkan dengan USD 162 juta pada tahun

USD 162 million in 2011. As previously discussed, the

Total arus kas yang digunakan untuk aktivitas

Net cash outflows from investing activities of

2011. Seperti yang telah didiskusikan sebelumnya,

decrease was mainly due to the net reduction in short

investasi adalah sebesar USD 6 juta pada tahun 2012,

USD 6 million in 2012 were mainly for payment to

penurunan total kewajiban terutama dikarenakan oleh

term bank loans and payment of current portion of long

terutama untuk pembayaran ke pemasok berbagai

various suppliers of fixed assets. The Company has

pembayaran utang bank dan pembayaran sebagian

term bank loans.

aset tetap. Total arus kas yang digunakan Perseroan

a lower outflow of cash for investing activities in 2012

untuk aktivitas investasi pada 2012 lebih rendah jika

compared to USD 50 million net cash outflows in 2011.

dari pinjaman jangka panjang yang akan jatuh tempo.

dibandingkan dengan USD 50 juta yang digunakan

Laba Bersih

Arus Kas dari Aktivitas Operasi

Net Income

Cash Flows From Operating Activities

16

24 7

2010

2011

2012

Penggunaan dana untuk aktivitas pembiayaan

Net cash outflows for financing activities in 2012

pada tahun 2012 sebesar USD 21 juta, terutama

amounted to USD 21 million, mainly for debt

untuk pembayaran utang, sementara di tahun 2011,

repayments, while in 2011 the Company had net cash

Perseroan memiliki pemasukan arus kas dari aktivitas

inflows from financing activities of USD 26 million from

pembiayaan sebesar USD 26 juta yang bersumber dari

drawdown of short term bank loans.

pinjaman jangka pendek.

7 1

Tahun/year

selama tahun 2011.

Tahun/year

2010


4 2011


JUMLAH EKUITAS

TOTAL EQUITY

Jumlah ekuitas tumbuh sebesar USD 7 juta atau

Total equity grew by USD 7 million or 5% from

sebesar 5% dari USD 134 juta pada akhir tahun 2011

USD 134 million at the end 2011 to USD 141 million

menjadi USD 141 juta pada akhir tahun 2012, yang

at the end of 2012 resulting from net income of

berasal dari laba bersih sebesar USD 7 juta selama

USD 7 million in 2012, positive effect of USD 2 million

tahun 2012, pengaruh positif sebesar USD 2 juta

in currency translation adjustment, and partially offset

dari penyesuaian translasi mata uang, dan setelah

by cash dividends paid in 2012 of USD 2 million.

dikurangi pembayaran dividen kas sebesar USD 1 juta pada tahun 2012.

STRUKTUR MODAL DAN KEMAMPUAN MEMBAYAR UTANG

CAPITAL STRUCTURE AND DEBT REPAYMENT ABILITY

Perseroan sangat cermat dalam mempertahankan

The Company has been prudent in maintaining its

struktur modal dan kemampuan membayar utang

strong capital structure and debt repayment ability

seperti yang tercermin pada rasio pinjaman terhadap

as shown in its net borrowings-to-equity ratio of

ekuitas sebesar 0,79 kali dan 1,00 kali pada akhir tahun

0.79 times and 1.00 times at the end of 2012 and 2011,

2012 dan 2011, di mana rasio ini masih jauh di bawah

respectively, which was way below the maximum

batas maksimum sesuai perjanjian dengan bank.

allowable limit in its debt covenants with banks. Also,

Begitu pula dengan rasio EBITDA pada beban bunga

the Company’s EBITDA-to-interest coverage ratio

Perseroan pada tahun 2012 dan 2011 adalah 3,68 kali

in 2012 and 2011 was 3.68 times and 3.94 times,

dan 3,94 kali, di mana rasio kewajiban terhadap jumlah

respectively; while liabilities-to-assets ratio at the end

aset pada akhir tahun 2012 dan 2011 adalah 0,50 kali

of 2012 and 2011 stood at 0.50 times and 0.55 times,

dan 0,55 kali.

respectively.

ARUS KAS

CASH FLOWS

LIKUIDITAS DAN KEMAMPUAN PENAGIHAN

LIQUIDITY AND RECEIVABLE COLLECTABILITY

Perseroan menghasilkan arus kas bersih dari aktivitas

The Company generated USD 24 million net cash

operasi sebesar USD 24 juta selama tahun 2012,

flows from operating activities in 2012 mainly from

Seperti yang telah didiskusikan sebelumnya,

As previously discussed, the Company’s ability to

terutama bersumber dari penagihan ke pelanggan

collections of USD 226 million from customers, and

kemampuan Perseroan untuk menghasilkan kas dari

generate cash from its operating activities has been

sebesar USD 226 juta, yang sebagian dikurangi oleh

partially offset by payments of USD 170 million to

aktivitas operasi sangat memuaskan.

very satisfactory.

pembayaran ke pemasok sebesar USD 170 juta, beban

suppliers, USD 22 million for operating expenses,

operasi sebesar USD 22 juta, beban bunga sebesar

USD 8 million for interest and USD 3 million for income

USD 8 juta dan pajak penghasilan sebesar USD 3 juta.

taxes.




BELANJA MODAL

CAPITAL EXPENDITURES

from suppliers, operating expenses, interest and taxes

Konsisten dengan tujuan Perseroan untuk lebih

Consistent with its goal to further diversify its products

pembayaran ke pemasok, biaya operasional, beban

to the government, leaving a balance of USD 24 million

mendiversifikasi produk-produknya guna memperkuat

to strengthen its platform in producing high-end quality

bunga serta pajak pemerintah, sehingga menghasilkan

in net cash flows from its operations. Most of these

platform dalam memproduksi produk film high-end,

packaging films, Indopoly spent around USD 5 million

saldo total arus kas bersih sebesar USD 24 juta dari

funds were used to reduce its outstanding bank loans.

Indopoly telah menggunakan sekitar USD 5 juta untuk

in capital expenditures throughout 2012 for its second

arus kas hasil aktivitas operasi. Sebagian besar dari

The Company’s current ratio in 2012 and 2011 was at

belanja modal sepanjang tahun 2012 untuk mesin

unit of metalizing machine, additional slitting machine,

dana ini digunakan untuk mengurangi saldo utang

0.86 times and 0.88 times, respectively.

metalizing yang kedua, tambahan mesin slitting, serta

and further improvement in infrastructures.

Pada tahun 2012, Perseroan berhasil melakukan

In 2012, the Company collected USD 226 million from

penagihan sebanyak USD 226 juta dari pelanggannya,

its customers, which were used to settle its purchases

yang dananya digunakan untuk menyelesaikan

bank. Rasio lancar Perseroan pada tahun 2012 dan

peningkatan infrastruktur yang lebih lanjut.

2011 adalah 0,86 kali dan 0.88 kali. Pembelanjaan ini, yang menggunakan mata uang

These expenditures, which were in US dollar and Euro

Perseroan sangat yakin untuk dapat melakukan

The Company is confident that it would be able to

US dollar serta Euro, dibayarkan melalui pendanaan

currencies, were paid through the Company’s internal

penagihan atas seluruh piutang yang belum dibayarkan

collect all of its outstanding receivables from customers

internal Perseroan.

funds.

oleh pelanggan dan tidak ada indikasi gagal bayar.

and there has been no history of default.

Penjelasan mengenai umur piutang berdasarkan jatuh

The aging profile of trade receivables is presented in

PENJUALAN DAN PEMASARAN

SALES AND MARKETING

tempo dapat dilihat di catatan 5 dari laporan keuangan

note 5 to the audited financial statements in this annual

Perseroan memfokuskan penjualan dan strategi

The Company focuses its sales and marketing strategy

yang telah diaudit dalam laporan tahunan ini.

report.

pemasarannya untuk mendapatkan pasar high-end

in capturing the high-end market that demands

yang meminta tingkat suplai film yang konsisten

consistent and premium quality films. Indopoly prides

dan berkualitas premium. Indopoly bangga atas

itself in delivering superior after-sales service while

penyampaian pelayanan purna jual yang superior dan

continuously collaborating with customers in producing

TARGET MASA KINI DAN PROSPEK MASA DEPAN

CURRENT TARGETS AND FUTURE PROSPECTS

di saat yang bersamaan secara berkesinambungan

more innovative, high-value added and eco-friendly

Mengikuti peningkatan infrastruktur Perseroan yang

Following the significant improvement in the

berkolaborasi dengan pelanggan guna memproduksi

products.

signifikan pada beberapa tahun terakhir, Perseroan

Company’s infrastructure over the last few years, the

produk yang lebih inovatif, bernilai tambah tinggi dan

mengharapkan peningkatan yang lebih jauh atas

Company expects to further improve its product mix

ramah lingkungan.

komposisi produk dan pengembangan andilnya dalam

and expand its share in the high-quality packaging film

pasar packaging film berkualitas tinggi.

market.

Perseroan telah mengimplementasikan berbagai

Additionally, the Company has been implementing

inisiatif untuk meningkatkan efisiensi produksi,

Perseroan telah berkecimpung di pasar flexible

The Company has been in the flexible packaging film

packaging film selama hampir dua dekade dan terbukti

market for almost two decades and maintains global

mampu mempertahankan klien berbasis global.

clientele base. Indopoly expects to continuously grow

various initiatives to enhance production efficiency,

Indopoly berharap untuk terus tumbuh dan memperluas

and expand its global market coverage.

mengembangkan sumber daya manusia serta

develop human capital and further advance its

jangkauan pasar globalnya.

kamajuan kapabilitas teknologi. Dengan seluruh

technological capabilities. With all of these initiatives,

inisiatif tersebut, kami mengharapkan pendapatan

we expect the Company’s revenue and profitability to

Perseroan dan profitabilitas dapat terus bertumbuh.

improve continuously.

PENGGUNAAN DANA HASIL PENAWARAN UMUM PERDANA (IPO)

UTILIZATION OF INITIAL PUBLIC OFFERING (IPO) PROCEEDS

Perseroan tidak melihat adanya perubahan struktur

We do not foresee any significant changes in the

Informasi di bawah ini menunjukkan penggunaan

The following presents the full utilization of IPO

modal, strategi finansial, kebijakan dividen serta

Company’s capital structure, financing strategy,

seluruh dana IPO sejumlah Rp 464 miliar (setara

proceeds of IDR 464 billion (equivalent to USD 52

pembelanjaan modal yang signifikan selama tahun

dividend policy and capital expenditure in 2012.

dengan USD 52 juta):

million):

2012.




• Rp 271 miliar (setara dengan USD 30 juta) untuk modal kerja • Rp 171 miliar (setara dengan USD 19 juta) untuk lini produksi BOPET • Rp 22 miliar (setara dengan USD 3 juta) untuk penyelesaian bridging loan

• IDR 271 billion (equivalent USD 30 million) for

working capital

• IDR 171 billion (equivalent USD 19 million) for new BOPET production line • IDR 22 billion (equivalent USD 3 million) for bridging loan settlement

KONFLIK KEPENTINGAN

CONFLICT OF INTEREST

Sebagaimana ditetapkan dalam peraturan, Perseroan

As a matter of policy, the Company has not conducted

tidak melakukan transaksi yang dapat menimbulkan

any transactions with the Board of Commissioners or

benturan kepentingan dengan jajaran Dewan Komisaris

the Board of Directors or any major shareholders that

atau Direksi atau para pemegang saham utama.

would constitute a conflict of interest.

PERUBAHAN ATAS PERATURAN PEMERINTAH DAN/ATAU KEBIJAKAN AKUNTANSI

CHANGES ON GOVERNMENT REGULATIONS AND/OR ACCOUNTING POLICY

TRANSAKSI MATERIAL DAN LUAR BIASA

MATERIAL AND EXTRAORDINARY TRANSACTIONS

Pada tahun 2012, tidak ada tansaksi material dan/atau

In 2012, there were no material and/or extraordinary

luar biasa yang harus dilaporkan kepada publik sesuai

transactions that should be disclosed to the public

Seperti yang telah disampaikan pada catatan 2.a

As disclosed in note 2.a to the audited financial

dengan aturan dan regulasi yang berkaitan dengan

in accordance with relevant rules and regulations

di laporan keuangan yang telah diaudit dalam laporan

statements in this annual report, effective on

perusahaan terbuka.

applicable for public companies.

tahunan ini, secara efektif mulai tanggal 1 Januari

January 1, 2012, the Company applied SFAS No. 10

2012, Perseroan telah mengaplikasikan SFAS No.10

(Revised 2010) “The Effects of Changes in Foreign

(hasil revisi tahun 2010) “Efek Pengaruh Perubahan

Exchange Rates” and changed its functional and

dari Nilai Tukar” dan perubahan atas mata uang

presentation currency from “Rupiah” into “United States Dollar” currency.

WARAN

WARRANT

Sehubungan dengan penawaran umum perdana

Related to the Company’s initial public offering in

fungsional dan penyajian dari mata uang “Rupiah”

Perseroan pada bulan Juli 2010, Perseroan telah

July 2010, the Company issued 460,035,700

menjadi “Dolar Amerika” .

menerbitkan 460.035.700 Waran Seri I di mana 15.900

Series I Warrants of which 15,900 warrants were

lembar waran telah dikonversikan di tahun 2011 dan

exercised in 2011, and no warrants were exercised

pada tahun 2012 tidak ada waran yang dikonversikan.

in 2012. The remaining 460,019,800 warrants can be

Sisa waran sebanyak 460.019.800 lembar dapat

exercised until July 9, 2013.

dikonversi sampai dengan tanggal 9 Juli 2013.

DIVIDEN

DIVIDEND

Pada tanggal 21 Juni 2012, pada Rapat Umum

On June 21, 2012, at the Annual General Shareholders

Pemegang Saham Tahunan, para pemegang saham

Meeting, the shareholders approved a total of IDR 6.4

telah menyetujui pembayaran dividen sejumlah

billion (equivalent to USD 0.7 million) or IDR 1.00 per

Rp 6,4 miliar (setara dengan USD 0,7 juta) atau

share of cash dividends which were paid in August

Rp 1,00 per lembar saham yang dibayarkan pada bulan

2012.

PERISTIWA SETELAH TANGGAL NERACA

SUBSEQUENT EVENTS

Tidak ada peristiwa setelah tanggal neraca dan/atau

There were no subsequent events and/or transactions

transaksi setelah 31 Desember 2012 yang secara

subsequent to December 31, 2012 that could materially

material dapat berdampak pada laporan keuangan

affect the Company’s financial statements and should

Perseroan dan hal-hal yang harus dipaparkan kepada

be disclosed to the public after the audit report had

publik setelah laporan audit ini telah diterbitkan.

been issued.

Agustus 2012. Pada tahun 2011, Perseroan mengumumkan dan

In 2011, the Company declared and distributed cash

membagikan dividen kas sebesar Rp 3,00 per lembar

dividends of IDR 3.00 per share totaling IDR 19 billion

saham, atau sejumlah Rp 19 miliar (setara dengan

(equivalent to USD 2 million).

USD 2 juta).



SURAT PERNYATAAN ANGGOTA DEWAN KOMISARIS DAN DIREK SI TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2012 PT INDOPOLY SWAKARSA INDUSTRY Tbk . Statement of the Board of Commissioners and Directors on the Responsibility for the 2012 Annual Report of PT Indopoly Swakarsa Industry Tbk.

L apor an Keuangan

Kami yang bertanda tangan di bawah ini menyatakan

We, the undersigned hereby state that all information

bahwa semua informasi dalam laporan tahunan

in the 2012 Annual Report of PT Indopoly Swakarsa

PT Indopoly Swakarsa Industry Tbk. tahun 2012 telah

Industry Tbk. has been disclosed completely. We are

dimuat secara lengkap dan bertanggung jawab penuh

solely responsible for the truthful content of the annual

atas kebenaran isi laporan tahunan perusahaan.

report.

Demikian pernyataan ini dibuat dengan sebenarnya.

This statement is issued to the best of our knowledge


L apor an Keuangan


2012 2012

and belief. Jakarta, 25 April 2013

Dewan Komisaris Board of Commissioners

Felielyne Halim

Ryan Permana

Irawan Sastrotanojo


Komisaris Commissioner

Komisaris Independen Independent Commissioner

Direksi Board of Directors

Henry Halim

Pe Maria Indra

Bambang Widjaja


Direktur Director

Direktur Director

Leo Firdaus

Sichaburamli

Direktur Director

Direktur Director


Jose Gonjoran Tan Direktur Tidak Terafiliasi Unaffiliated Director


PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN   

                     

 

       

    

  



 



PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION



 

 





 

 

 

      

      

      

            

     

     

     

       









 











    







 





PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK LAPORAN POSISI KEUANGAN KONSOLIDASIAN (Lanjutan)   

                                                   

           

 





 

 

 

  

  

  

    

    

    

      

 

  



 

 

 

     

     

     

 

 

  

  







 



 

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES



CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME   



 

 



























  

  

  





























  

  

 



 



   

 

 











 

 

    

 

    









   



  

      





 



   

  

 



 



            

 

 

LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN   

               

 

 

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK



                                





 

    







  



 



PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Continued)







 





  







 







 

 

     

 

   



     





   

   

      

  

 

       

    

             

      

   

   

 

   

     

 

                    

  



     

 

   

 

     

 

   

 

 

 

   

 

 

               

   

     





 

 

 

 

 

      





    

    

 

          

         

  

   













         



   



 

  

 

                                                                                  

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK LARORAN PERUBAHAN EKUITAS KONSOLIDASIAN

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN

 

 







 

 

   

   





  

  

               

 

 





      

      





               





 





  

 





 

 





 

 



  

  

  









 



PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK LAPORAN ARUS KAS KONSOLIDASIAN

    

  



 

    



 

  



 

     



            

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN      1. Umum

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS    



1. General



                                                                                                           





















                               

                                                                                                                         

                                  

                        

 

 







 



     

 

     



    

     



    



                                                                                  

     



        



     



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)         



   

   









        

   

 



       

 

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)    



  





   

   

       

                          

 

                        





                        









 

     

 

 





 

 









 



  









   





 























  













 









                                                







                                  







                                                                      



                                                                           


PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                          

                                                                                            



                                                                                                                        







                      

  



                                            

 







                 









PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)     



 

             

       


       

         

       











 

 

 

      

      

      

         

            

       

     

     

     

     

       

















                

   



         

       

       

       









 

 

 

 

  

  

  

  

   

   

   

   





 





                









 

 



                         

       

 

       

       

       

 

 

 

 

     

     

     

     

 

           

  

  

  

  

 

 

 

 

  

  

  

  

            

















         

        

















     

   















  

  

   

    







   





    







PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      3. Ikhtisar Kebijakan Akuntansi Penting




3.

                                                                  

                                                                                                                                                                           

                                                                                                                                                       



Summary of Significant Accounting Policies

                                                   









PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                                    

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)     





                                           

                                                                                                                                                                                                                                                                                                                                                                                                                          

   














PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                   

          











  



  

 

 

 

    







                                                                                                                        



                                              

                                          

                                        

                                    

                        

                

        











                                      

PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)                                                                                                                                                                                                                            









  

  

                        

                                  

           

      





  







                                               

                                

                     

                    



















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                    










   

               

                

                         

                       







                                                          

                                            

                                



                                                     

                                                     

                   

          

                                          

                           


















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                               

                    





                                

                                                   



         

                  .

         

        



 





                    

                        

                          

           









                                                  

                                         



    

                
























PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)               









                     





                                                                                                                           

                                                                                                                                       

                                                             



                                           





      





                    

               








PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                        

                                                                   

                                 





















                                     

                                                            

                        

                             

                   

                                





                        

                                    

                                           

                                          
















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)               





                                                                         

                                  



                                               

                                       

                                     









                         











            



     



                                 

  

  









                              



                 

 

                                                                                                                                            

                                              





           




PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                







 

 







                







                                              

                                                                 





                                      

                                                                        







                         




PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                        

                     





      

      

                                                                    

                                                             

                             

                                           

                                        

                                                        

                       

                   





















             





           







PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                   

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)             





                                                     

                           

                                                                              

                                                                                     





                                                                                                                          







                                                                                             

  







        










PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                         

                 



                                                      



                         









                        

                                                                                         

                                                                                             

                                                              

                    

                  


















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                                                     

                                     





            



  

 

          



                         

                                        





                                 

                          

              

                

         

 

                                      

                                      

     

             







 














PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)               

4. 

                      4.

Kas dan Setara Kas

                             

          



 

                

Cash and Cash Equivalents

    

 



















 

 

 
































 

 

 

 

 

 

          

          

          

         

    

              



          



    

 











































 

 

 







  

  

  

    

   

   

   

      

      

      

   

   

   

   

  

  

  





      

   


   







 5.   

                          

5. Trade Receivables

Piutang Usaha 



    

                

  



    

       

  

 

























PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)       








              



    

 

     

     

     

      

      

      

  





     



                                       



       















 

 

 

       

 



     

     

     

     



              

      

           









  

        



 

    

 

  

  







                      

    





         

 







         



    





Other Receivables





                        

 

6.

 



     





       










PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      6. Piutang Lain-lain

                    

  

  

                          7. Inventories

7. Persediaan

      



    

      



         

    




























PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                                                                                 



                                                                               

 



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)        

                    

          8. Fixed Assets

8. Aset Tetap    

                    

       

   

     

       

   



    





       

       

   

   

 

 





       

   

       

   



































   





    

    

   

   

   

   

   

   

   

   

   

   

   

   





























         



 

  

  

  

         

 

 

  

  



           

  

                                            



    



 



    

         

 

    



       

 

    

  





    

 

         







         







     


  

                                            








PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                               

                 



                                   

                     

                                          

                                             

        

                  











  

 

  

  

 

                                                                      



  

  





    

 

 

 

 

   



                      







11.

  





11.

        





Utang Bank Jangka Pendek



                             

  

                 

             



  

                             



  

  



   

    

    

 

 

9. Intangible Assets

 

 

 



10. Other Non Current Assets

10. Aset Tidak Lancar Lainnya



9. Aset Tidak Berwujud

                                





  


PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                     



 







 

 

 







 

 

 











    





Short Term Bank Loans

       






                




    

 







    

    

    

    

    

    













              



                                                                                                                                                                                                                                                                                                                  












PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)        

                                                                                        

                                                                                                                                                                                                                                

                                  







                                                                                                                      







PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)                                                                                                                                                                                                                                                                                                                                                                                                                                  

PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)           12. Utang Usaha 12. Trade Payables                         















    

  

    

    

  

  

 

 





            

 

    

 

   

   

   

      

      

      

          

  

 

 

         

    

 



















 

 

          













PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      13. Utang Lain-lain 



13. Other Payables 



          


       

    

         

       

        

                                      

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      15. Utang Bank Jangka Panjang

 

 

        



              

  

  

    

    

  

  





                          

 



14. Accrued Expenses

Beban Akrual

       

     

    

       

     

 

 

 

  

  

  

  

  

  























          













  

  

  

          

 

 

 

 

                                                                                           

     

    

 



14.

15. Long Term Bank Loans


















        

                                 



                            







PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)                                                                                                                                                                                                                                                                                                                                                                                                                                                   



PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)                                                                                                 

 

                                                           



                                                                    



                                                                                                          





                                        

                             





                  

                                                                    































PT INDOPOLY SWAKARSA INDUSTRY Tbk PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN NOTES TO CONSOLIDATED KONSOLIDASIAN (LANJUTAN) FINANCIAL STATEMENTS (CONTINUED)                                                  



16.

16. Lease Payables

Utang Sewa Pembiayaan

    

    

    

  

  

  



17.

Customer Financing Payables

    

 

   

 

   

   

  

 

                                                                                                                        





           



18. Long Term Employee Benefits Liabilities

18. Imbalan Kerja Jangka Panjang



                                                                   



  

   







 

 

 

                                                                   




 

                                                                                                                                                                                                                        



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      17. Utang Pembiayaan Konsumen

   

    

     

   

 

   

       

























PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)       

      




    

 

    

    



   

   

    



   

 

 

                  

 

 

  

 

    

 

  









 

 

 

 

 

 

























 

          



 



    

 

 

 



         





          

 

 



 







20. Modal Saham 20. Capital Stock                                         

 

 

 

         

                

   

                                                                                   

 

19. Non - Controlling Interest



   

                         



         



    

 


 

    

   

 

 



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      19. Kepentingan Non- Pengendali

    

                  

    

    



    

 























PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      

    




                  

    

    



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      21. Tambahan Modal Disetor




21. Additional Paid in Capital



                              

    

      



                                                                                                                                                                                                                                                                                                                                       

 

   

   

    

   

    



 22. Penjualan 22. Sales                      

  

 

 

  

  



          



    

  

      

 



           23. Cost of Goods Sold

23. Beban Pokok Penjualan 

 

 

   

   

   

   

   

  

  

   































 

    

 

   

   

    

PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      25. Pendapatan (Beban) Lain-lain

    

 

  

  

    

    

24. Operating Expenses

           

 

 

          

          





              

             

             















          

 





 

    

    

 

26.

 

 

 

26. Finance Cost

Beban Keuangan

   27. Earnings Per Share

Laba per Saham 

        



 

        27.

   



  

              









24. Beban Usaha

25. Other Income (Expenses)

 

            





 












   

   

        

        

                   28. Transactions and Balances With Related Parties

28. Transaksi dan Saldo Pihak-pihak Berelasi 

                                













PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)       

  






 

 



 

 



  

 



 

 

        

 

   

    

    

  

  

 

 







      

   

   



 



  

  

  

 



   

       



















  

  









         

   





 

 

   



  

 

   

 









    

  





 

 

  







   





                                                       



  




   

  

 



   

   

         

  



 

 

 






                                        

                                              





                                                                                  29. Taxation

29. Perpajakan



         



  

 







  

  

  

     

 















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)       

PT INDOPOLY SWAKARSA INDUSTRY Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)    



             









   

   

 

 

 

 

 

 

  

      

  

 

 

  

  

      

     

 

  

        

     



  

   

   

     

 

  





   

 









 



       

       

















      

 

 

  

 

 



 

                                                                                                                                                       









        



      

 



 

  









                               


 



    

 




















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)        

    

         








   







         

   







 

    

 











































 

 



 

 

 

   

 



                                        

 

 

 

 

  

  

  

  

     

     

    





                                                                                                                         












30. Monetary Assets and Liabilities Denominated in Foreign Currencies

                               





PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      30. Aset dan Liabilitas Moneter dalam Mata Uang Asing





                                    

      







      

      

   

   

   

   

   

   

  

  

  

  

  

  

 

 

 

 

 

 



 



 

 

 

 

 

 

 

 

  

  

  

  

  

  

    

    

    

    

    

    

  

  

  

  

  

  

 

 

 

 



 



                                    





















31. Significant Agreements

31. Perjanjian-perjanjian Penting





                                                                                                    













PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)         


 

  

  

 











   

   

   

   

   

























   

    

  

  

 











   

   

   

   

   

























   

             

 

   

  

  

   

   

  

  

   

 

 





 

 





       









       






PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                      

  

          









   



  

  

  

  







 

                      

                            

                                                              

                                                   

                                                                                          

                                                                         














PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                   





     

 

 

 

 

 

 

 



     

  

 

   





  

                                                                             

                     



                          

                                               





   

                     

   

        

      

  
















PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                 



                  

                                                 

                                        



      



 



           

  

   

  

  

  

  

  

    

    

    

    



                                                                                  





  

       

                                     

                                             








PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                                         

 

 





 

               

       

  

  

  











  

 

 

 

  









                                     



            





   

34. Critical Accounting Estimates and Judgements

34. Estimasi dan Pertimbangan Akuntansi yang Penting



                   

   





                        

       



 







                                                                                               




PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                            

                                    

                                 

                       

                 

                                

                                                    

                                              

















         



                                                                                    





                                                                                    










PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)                                                                                               

                                                                               

             

         

                                          

                                                   

















                          



PT INDOPOLY SWAKARSA INDUSTRY Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (LANJUTAN)      35. Transaksi Non Kas



                           

 

                               

                                















 





  

 

 

 

36. Reclassification of Accounts

          

                                     

 

                                                                  

  



35. Non Cash Transaction

36. Reklasifikasi Akun

                         





 

    


   

    

           

















 

 

 

 





          









    





















37. Tanggung Jawab Manajemen atas Laporan 37. Management Responsibility on the Keuangan Konsolidasian Consolidated Financial Statements                             





















 







    









Factory Suzhou

Sales Representative USA

Factory Yunnan

Head Office Jakarta Sales Representative Argentina

Factory Purwakarta

Corporate Information 90 Laporan Tahunan 2012

Indopoly runs best practices standard of world’s leading multinational corporations.


Struk tur Organisasi Organization Structure

Board of Commissioners

Audit Committee

Board of Directors

Corporate Secretary

Internal Audit Division

Commercial, Business Development, and International Operations Division

Marketing Department


Research and Development Division

Operation Division

Purchasing Department

Manufacturing Department

HR and GA Department

Research and Development (Indonesia) Department

Research and Development (China) Department

Financing and Controller Division

Accounting Department

Finance Department

Information System and Technology Department

Legal Department


Lembaga Profesional

K antor Pusat dan Pabrik

Professional Advisors


Head Office and Factories

Kantor Akuntan Publik

Public Accountant

Aryanto, Amir Jusuf, Mawar & Saptoto Plaza ABDA, Lantai 10 Jl. Jendral Sudirman Kav. 59 Jakarta 12190, Indonesia

Aryanto, Amir Jusuf, Mawar & Saptoto Plaza ABDA, 10th Floor Jl. Jendral Sudirman Kav. 59 Jakarta 12190, Indonesia

Biro Administrasi Efek

Share Registrar

Gedung Plaza Sentral, Lantai 2 Jl. Jendral Sudirman Kav. 47-48 Jakarta 12930, Indonesia

Plaza Sentral Building, 2nd Floor Jl. Jendral Sudirman Kav. 47-48 Jakarta 12930, Indonesia

Konsultan Hukum

Legal Counsel

Soemarjono, Herman & Rekan Jl. Sultan Agung No. 62 Jakarta 12970, Indonesia

Soemarjono, Herman & Rekan Jl. Sultan Agung No. 62 Jakarta 12970, Indonesia

Kantor Pusat

Head Office

PT INDOPOLY SWAKARSA INDUSTRY Tbk.


Wisma Indocement, Lantai 5 Jl. Jendral Sudirman Kav. 70 - 71 Jakarta 12910, Indonesia Phone : (+62-21) 251-0088 (Hunting) Fax : (+62-21) 251-0460 Situs : www.ilenefilms.com

Wisma Indocement, 5th Floor Jl. Jendral Sudirman Kav. 70 - 71 Jakarta 12910, Indonesia Phone : (+62-21) 251-0088 (Hunting) Fax : (+62-21) 251-0460 Web : www.ilenefilms.com

Pabrik

Factories



Blok 6, 7, 8 Sektor AI, Kota Bukit Indah, Campaka, Purwakarta 41118, Indonesia Phone : (62-264) 351-455 (Hunting) Fax : (62-264) 351-066 E-mail : [email protected]

Block 6, 7, 8 Sector AI, Kota Bukit Indah, Campaka, Purwakarta 41118, Indonesia Phone : (62-264) 351-455 (Hunting) Fax : (62-264) 351-066 E-mail : [email protected]

SUZHOU KUNLENE FILM INDUSTRIES CO. LTD.

SUZHOU KUNLENE FILM INDUSTRIES CO. LTD.

368 Xing Long Road SIP, Suzhou 215126, Jiangsu Province, P.R. Cina Phone : (86-512) 6283-3030 (Hunting) Fax : (86-512) 6283-3838 E-mail : [email protected]

368 Xing Long Road SIP, Suzhou 215126, Jiangsu Province, P.R. China Phone : (86-512) 6283-3030 (Hunting) Fax : (86-512) 6283-3838 E-mail : [email protected]

YUNNAN KUNLENE FILM INDUSTRIES CO. LTD.

YUNNAN KUNLENE FILM INDUSTRIES CO. LTD.

10 Kun Ling Road, Kunming National Economic and Technological Development Zone, Kunming 650217, Yunnan Province P.R. Cina Phone : (86-871) 6726 6661 Fax : (86-871) 6726 5625

10 Kun Ling Road, Kunming National Economic and Technological Development Zone, Kunming 650217, Yunnan Province P.R. China Phone : (86-871) 6726 6661 Fax : (86-871) 6726 5625

Kantor Perwakilan Penjualan

Appointed Sales Representative

9108 Hawthorn Dr., Hickory Hills, IL 60457, U.S.A. Phone : (1-708) 598-8789 Fax : (1-708) 598-8357 E-mail : [email protected]

9108 Hawthorn Dr., Hickory Hills, IL 60457, U.S.A. Phone : (1-708) 598-8789 Fax : (1-708) 598-8357 E-mail : [email protected]

ROCA 339 (B1846BBE) ADROGUE, Argentina Phone : (54-11) 4293-4711 Fax : (54-11) 4293-4711 Email : [email protected]

ROCA 339 (B1846BBE) ADROGUE, Argentina Phone : (54-11) 4293-4711 Fax : (54-11) 4293-4711 Email : [email protected]


Strong Foundation For a SuStainable growth

Recommend Documents